The United States Supreme Court held that McCarran-Ferguson immunity did not attach for domestic insurance companies acting with foreign insurance companies based on activity-based analysis of the "business of insurance," but that such activity may have amounted to a "boycott."
INTERNATIONAL LAW-EXTRATERRITORIAL APPLICATION OF THE SHERMAN ACT-The United States Supreme Court held that the Sherman Act regulates foreign conduct in the absence of a "true conflict" with foreign law.
Hartford Fire Ins. Co. v. California, 113 S. Ct. 2891 (1993).
Kevin J. McKeon,
Insurance Law - Scope of McCarran-Ferguson Exemption for the "Business of Insurance" - Meaning of "Boycott"/International Law - Extraterritorial Application of the Sherman Act,
Duq. L. Rev.
Available at: https://dsc.duq.edu/dlr/vol32/iss4/14