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According to media reports, California Insurance Commissioner Dave Jones will introduce legislation shortly that will set minimum permissible amounts for stop-loss policies to self-insured small businesses.  While the minimum amount has not been finalized, it is anticipated that it will be set at $40,000 per employee. …
Read More California Insurance Commissioner Plans Legislation to Set Minimum Permissible Amounts for Stop-Loss Policies

SUPREME COURT APPARENTLY DIVIDED ON INDIVIDUAL MANDATE AND WHETHER TO SCRAP PPACA ENTIRELY
In the U.S. Supreme Court’s hearings last week on the Patient Protection and Affordable Care Act (PPACA), the justices seemed to have mixed views on both the constitutionality of the individual mandate, and the proper course of action should the mandate be found unconstitutional. …
Read More Healthcare Update: Supreme Court Apparently Divided on Individual Mandate and Whether to Scrap PPACA Entirely; House Passes Ryan Budget Plan; AMA Asks CMS for a Break

Edwards Wildman partner Vince Vitkowsky authored an article that is part of Business Insurance’s March 19, 2012 special edition on Cyber Risks.  In the article, which you can read here, he addresses cyber attacks with physical effects, which are coming to be referred to as “Industrial Threats.” …
Read More Industrial Threat Cyber Attacks Challenge Business

As the two-year anniversary of the enactment of the Patient Protection and Affordable Care Act (PPACA) approaches, the federal government seems to be accelerating its efforts to provide long-promised guidance to implement the health reform law. …
Read More Healthcare Update: HHS Issues Final Rules for Insurance Exchanges, Medicaid Eligibility, Insurance Plan Coverage and Student Health Insurance Plans

The Massachusetts Division of Insurance has scheduled a hearing to discuss the rate filing made by the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (“WCRIBMA”) requesting that its members’ average rates for industrial classes be increased by 19.3% and its average rates for F-Classes be increased by 20.0%. …
Read More Massachusetts Division of Insurance Schedules March 30th Hearing to discuss Workers’ Compensation Rate Increase Requests

Former United States Senator Alfonse M. D’Amato, Connecticut attorney and insurance expert Thomas F.X. Hodson, and former Superintendent of the New York State Insurance Department Gregory V. Serio announced on March 9, 2012 the formation of Charter Risk Management Services, LLC, a new full service captive insurance company management firm. …
Read More Charter Risk Management Services, LLC Formed as Full Service Captive Management Firm in Connecticut