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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 r ....

New Jersey , United States , South Carolina , New York , Revenue Service , Jersey Tax Court , Delta Air Lines Inc , Enterprise Financial Group Inc , Surplus Lines Task Force , Jetblue Airways Corp , Jersey Appellate Court , Jersey Legislature , Competitive Health Insurance Reform , Revenue Service Notice , Middlesex Assurance Co , Case Settlement , Old Republic Home Protection Co , While The Division Of Taxation , Blue Shield Association , Health Solutions , United Airlines Inc , Division Of Taxation , Anthem Health Care Service Corporation , Alaska Airlines Inc , Supreme Court , Health Insurers ,