Top Insurance Regulatory Developments of 2020: Part 2 By Brian Casey, Zach Lerner and Ben Sykes | January 26, 2021 This is the second installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The first part on Jan. 22 covered COVID-19, Insurtechs, Data Privacy, Race Equality and Pharmacy Benefit Managers. Here they look at Antitrust, Captives, Service Contracts, Travel Insurance and Surplus Lines. Health Insurers and Antitrust Laws Blue Cross Blue Shield Anti-Trust Case Settlement After more than eight years of contentious multi-district antitrust litigation between the Blue Cross and Blue Shield Association (“BCBSA”), its 36 member insurance plans (“BCBS Member Plans”) and their policyholders, regarding restrictions on competition among BCBS Member Plans, the parties finally came to a tentative settlement in the fall of 2020, including a $2.7 billion restitution fund to injured plaintiffs. And while that cash settlement is quite large, it is the non-momentary relief that may have a much larger lasting impact on the industry.