McCarran-Ferguson Act and the Current Crisis in Liability Insurance: Hearings Before the Subcommittee on Monopolies and Commercial Law of the Committee on the Judiciary, House of Representatives, Ninety-ninth Congress, Second Session, on McCarran-Ferguson Act and the Current Crisis in Liability Insurance, March 19 and July 24, 1986, Volume 4

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Page 45 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Page 381 - I hope this information will be helpful to you, and if I can be of any further assistance, please do not hesitate to call on me.
Page 34 - Congress with reference to the regulation of the business of insurance. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest, and that silence on the part of the Congress shall not be construed to impose any barrier to the regulation or taxation of such business by the several States.
Page 451 - Association Pennsylvania Petroleum Association, Inc. South Carolina Oil Jobbers Association South Dakota Petroleum Marketers Association Tennessee Oil Marketers Association Texas Oil Marketers Association Virginia Petroleum Jobbers Association Washington Oil Marketers Association Western Petroleum Marketers Association West Virginia Petroleum Marketers Association Oil Jobbers of Wisconsin, Inc.
Page 108 - I want to thank you, Mr. Chairman, and the members of the committee for your willingness to hear my views on the situation in South Vietnam.
Page 185 - We serve participating Insurers by gathering, storing and disseminating statistical information to regulators, as required by law , and to insurers for their own use . We also develop and assist in implementing programs that help define and cover risk.
Page 451 - America represents the independent petroleum marketers who are members of these state and regional trade associations: Alabama Oilmen's Association Arizona Petroleum Marketers Association Arkansas Oil Marketers Association, Inc. California Independent Oil Marketers Association Colorado Petroleum Marketers Association Independent Connecticut Petroleum Association Florida Petroleum Marketers Association Georgia Oilmen's Association Idaho...
Page 15 - UBOO highly qualified and experienced financial and market conduct examiners, and the states contribute over 200 million dollars each year toward the cost of regulation. On behalf of the NAIC and my many colleagues, I would like to again thank you for the opportunity to appear before your committee to offer testimony. I will be pleased to answer any questions you or your committee members may have.
Page 9 - NAIC, which is an association of all the insurance regulatory officials of the fifty states, the District of Columbia and the four US territories of Guam, American Samoa, Virgin Islands, and Puerto Rico. On behalf of my many colleagues and the NAIC, we thank you for the opportunity to appear before your committee to offer testimony, which we hope you will find to be of benefit and interest.
Page 450 - Moreover, what causes the cycle in the first instance and what steps can be taken to prevent it from recurring? -4We also do not adhere to the philosophy that the source of the problem lies exclusively in reform of our tort laws or in- a total' restructuring of the insurance industry. We generally believe the cause of the crisis is widespread and the solutions must address each aspect of the problem. From the perspective of the businessman we have to become better risk managers. We must take every...

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