Law firm Nielsen & Treas, LLC, in Metairie, Louisiana, serves clients throughout the Gulf Coast region. With a focus on constitutional, regulatory, and insurance issues, Nielsen & Treas, LLC, represents clients in insurance law cases.
Insurance law refers to the laws governing the insurance business in the United States. The business of insurance is essentially a contract in which one party agrees to pay a sum of money regularly to another party for coverage from certain losses.
Before 1944, the insurance business was not thought to be “commerce” and therefore was not subject to federal regulation. This changed after the landmark case of United States v. South-Eastern Underwriters Association, in which the US Supreme Court ruled that Congress could regulate interstate insurance transactions. Afterward, Congress enacted the McCarran-Ferguson Act, which allowed states to make laws that regulate their insurance businesses.
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