Insights that power innovation

8/13/2019 - 2 min read

Washington decision highlights case law’s relevance to insurers

A Washington State Supreme Court ruling— along with the decision’s potentially broad implications for insurance companies—provides a particularly strong illustration of how important it is for insurers to keep abreast of case law developments.

8/12/2019 - 2 min read

Release of proposed “future medicals” rules will be delayed

CMS’s release of proposed rules to address “future medicals” in relation to non-group health plan settlements will be delayed from Sept. 2019 to Oct. 2019.

8/5/2019 - 1 min read

2019 August preview: Historical catastrophe activity

For the second straight year, the Atlantic hurricane season had an early start with Subtropical Storm Andrea in May and Hurricane Barry in July, which was a PCS®-designated catastrophe exceeding $25 million in insured losses.

8/1/2019 - 3 min read

WCMSA RX update – FDA approves first generics of Lyrica

On 7/22/19, the FDA announced it approved the first generics of Lyrica. This comes at a critical time as CMS has increasingly been including Lyrica in WCMSAs

8/1/2019 - 2 min read

Why private firms should consider management liability coverage

There are many reasons a small firm might choose not to buy EPLI or D&O - but any company with employees, customers, or vendors can be sued for alleged workplace misconduct.

7/31/2019 - 5 min read

The commercial auto driver shortage—and the potential risks for insurers

Without the commercial trucking industry, the economy could come to a standstill, which makes this segment vital for the insurance industry. But even in the current growing economy, commercial trucking faces serious challenges.

7/30/2019 - 2 min read

What do you do? A campfire story

It’s camping season, and millions of Americans are enjoying our mountains, lakes, and creeks. On these outings, we mingle and get to know people from all walks of life.

7/26/2019 - 9 min read

Massachusetts court: Medicare Advantage Plan’s assignee can sue for “double damages” under the MSP

Massachusetts is the latest jurisdiction to take a favorable view of MAPs possessing private cause of action rights under the Medicare Secondary Payer.

7/18/2019 - 4 min read

Life insurance fraud: A holistic claims view key to detection

Life insurers can face a myriad of challenges today. Some of those issues have plagued the industry for years—such as stagnant premium growth and low interest rates—while others are new—like changing customer expectations and disruptive innovations such as on-demand policies and selfie underwriting (yes, that’s a thing).

Jubal Kenneth Bernal Uvdhvgaeem4 Unsplash

7/15/2019 - 1 min read

CMS releases new NGHP Section 111 user guide (Version 5.6)

On 7/1/19, CMS released an updated Section 111 User Guide (Version 5.6) regarding non-group health plans (liability, no-fault and workers’ compensation).

7/15/2019 - 2 min read

Reconstruction cost growth continues at a steady rate

Verisk released its latest 360Value Quarterly Cost Update, reviewing national and state/provincial reconstruction cost trends for the U.S. and Canada.

7/11/2019 - 2 min read

PAID Act introduced in the U.S. Senate

On June 26, 2019, Senators Tim Scott (R-SC) and Ben Cardin (D-MD) introduced Senate Bill 1989 into the U.S. Senate.

7/10/2019 - 4 min read

The growth of litigation funding and its potential effects on commercial auto insurance: Part Two

Litigation funding’s impact on insurers can be huge, starting with the potential for nuclear verdicts. Commercial auto insurers consider anticipated risks and predicted losses as part of the calculation in determining premiums.

7/9/2019 - 3 min read

The future of drones is up in the air – Consider the risks carefully

How drones ultimately will be used is uncertain, but it’s clear that they will likely alter the risk landscape.

7/8/2019 - 8 min read

Medicaid expansion makes recovery efforts more urgent

Within broad federal requirements, states and territories have significant flexibility in program design and administration, resulting in 56 unique Medicaid programs.

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Washington decision highlights case law’s relevance to insurers

Release of proposed “future medicals” rules will be delayed

2019 August preview: Historical catastrophe activity

WCMSA RX update – FDA approves first generics of Lyrica

Why private firms should consider management liability coverage

The commercial auto driver shortage—and the potential risks for insurers

What do you do? A campfire story

Massachusetts court: Medicare Advantage Plan’s assignee can sue for “double damages” under the MSP

Life insurance fraud: A holistic claims view key to detection

CMS releases new NGHP Section 111 user guide (Version 5.6)

Reconstruction cost growth continues at a steady rate

PAID Act introduced in the U.S. Senate

The growth of litigation funding and its potential effects on commercial auto insurance: Part Two

The future of drones is up in the air – Consider the risks carefully

Medicaid expansion makes recovery efforts more urgent