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DOJ proposes terminating 1967 decree with Associated Aviation Underwriters, others

( August 16, 2019, 22:31 GMT | Official Statement) -- MLex Summary: The US Department of Justice has proposed terminating 1967 antitrust judgment with the Associated Aviation Underwriters, Chubb & Son Inc. and Marine Office of America. The consent decree amends an aviation insurance pool agreement to permit other insurance companies to join the pool upon meeting prescribed qualifications, to permit present members to withdraw from the pool, and to permit the writing of reinsurance or excess insurance by individual members. The agency will accept public comments for 30 days before petitioning District Court for the Southern District of New York.See document below....

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