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View Diary: The McCarran-Ferguson Act: A History of Insurance (28 comments)

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  •  Thanks for the deja vu, Brooklyn (7+ / 0-)

    When we were working on ratification of the Equal Rights Amendment (ERA) in Illinois, the money and influence trail led right to the insurance industry.  ERA was easily ratified in many states the first two years after it passed out of Congress.  It stalled 3 states shy of ratification.  It looked for sure like we had the votes in Springfield, but virtually overnight, individuals had been "gotten to" and changed their vote.

    Why would the insurance business feel threatened by ERA?  Sex discrimination is part and parcel of insurance underwriting.  Federal regulation and ERA would force a massive change in the way they do business.  They used to openly discriminate on the basis of race.  Once race as a classification was deemed by the Supreme Court to be inherently suspect, they became more subtle in their practice.

    Don't look back, something may be gaining on you. - L. "Satchel" Paige

    by arlene on Sat May 23, 2009 at 05:59:54 AM PDT

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