The Third Indiana Legislative Update is Here!

From our insurance colleagues at Bose Public Affairs Group, here’s the third Indiana Legislative Update. Topics inside include developments in:

  • Unclaimed Life Insurance Benefits;
  • The Indiana Department of Insurance;
  • Dental and Optometry Service Coverage;
  • Inmates and Medicaid; and
  • Medical Malpractice.

Stay tuned for further developments!

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The Second 2015 Indiana Legislative Update is Available Now!

Hot off the presses, it’s the second update of the 2015 Indiana legislative session, with absolutely no mention of #DeflateGate, we promise!

In this edition, more developments in:

  • Unclaimed life insurance benefits;
  • The Indiana Department of Insurance;
  • Dental coverage;
  • The Affordable Care Act;
  • Tom Brady’s complete lack of credibility;
  • Medical malpractice;
  • Worker’s compensation; and
  • more.

Stay tuned for more updates throughout the session.

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Body Shop Antitrust Case Hits Roadblock in Florida

Following up on one of our more popular posts from last year, here’s an update on a key development in the on-going multi-district Body Shop Antitrust case brought by hundreds of auto body repair shops against dozens of auto insurers. (Full disclosure: the Bose McKinney & Evans team of Brian Jones, Curtis Jones, and Joel Nagle represent one of the insurers in the Indiana case that was consolidated.)

Since our last post, the total number of pending cases in the MDL has gone up to 22, and the defendants in the Indiana, Florida, Utah, Mississippi, Louisiana, Tennessee cases filed Motions to Dismiss. The Court conducted a hearing on the pending dismissal motions in early November.

On Wednesday, the Middle District of Florida dismissed all of the claims in the Florida case (including one claim with prejudice), finding, among other things, that the plaintiffs failed to plead plausible claims as required under Twombly. The Court gave the plaintiffs until February 10 to amend their complaint.

This ruling paves the way for similar rulings in the Indiana case and others. Stay tuned for further developments.

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The First Update of the 2015 Indiana Legislative Session

It’s that time of year again. (And I’m not referring to yet another heartbreaking loss to the clearly evil Patriots, though that happened…again…)

No. I’m talking about the Indiana General Assembly being back in session, which means more as-it-happens insurance industry scoop from our friends at Bose Public Affairs Group. In this first issue, developments in:

  • Unclaimed life insurance benefits;
  • The Indiana Department of Insurance;
  • Data security;
  • Dental coverage;
  • Mental health coverage;
  • Medical malpractice;
  • Worker’s comp; and
  • More!

We’ll bring you the latest updates as soon as we get them. Stay tuned!

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Federal Insurance Office Releases Report on Global Reinsurance Market

Back in December, the Federal Insurance Office released its first report on the global reinsurance market, creatively titled “The Breadth and Scope of the Global Reinsurance Market and the Critical Role Such Market Plays in Supporting Insurance in the United States.”

At 47 pages, it’s a surprisingly quick read. (Spoiler alert: the global reinsurance market is big and plays a critical role in supporting insurance in the U.S.) What’s more, it provides a nice overview of the history of reinsurance and its various forms. So, no more citing to Second Circuit opinions for that background stuff.

I know many in the industry were–and still are–very concerned about just what the Federal Insurance Office will actually do. If reports like this are any indication of what the FIO will be doing, I don’t think we have anything to worry about…

…yet.

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Happy 2015 from the Bose Insurance Blog!

To all our friends and readers, we wish you a happy, healthy, and prosperous 2015!

2015 New Year celebration

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Transitional Reinsurance Reporting Deadline Extended

Brian Jones:

Another useful health insurance post from our friends at the Bose Employee Benefits Blog.

Originally posted on Bose Employee Benefits Blog:

The Center for Medicare & Medicaid Services (“CMS”) granted a last minute extension for filing the Annual Enrollment and Contributions Submission Form as part of the Affordable Care Act’s Transitional Reinsurance Program. On Friday, November 14th, CMS announced that the reporting deadline of November 15th is extended until 11:59 pm on December 5, 2014. This extension gives health insurance issuers and certain self-funded group health plans a little more time to complete the Submission Form which can be found on the Pay.gov website. The payment deadlines are unchanged. The deadlines for payment of the transitional reinsurance fee remain as January 15, 2015 and November 15, 2015.

The CMS announcement as well as the revised reinsurance contribution deadlines for the 2014 benefit year can be viewed here.

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