We wanted to bring your attention today to a new client alert two of our Insurance practice colleagues have written highlighting Florida’s recent tort reform bill and its impact on insurance litigation.
On March 24, 2023, a sweeping tort reform bill was signed into law by Florida Governor Ron DeSantis. House Bill 837 was touted
The LTCi Summit
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NAIC LTCI Task Force Adopts Revised RBO Checklist, Receives Update on Industry Trends
NAIC’s Long-Term Care Insurance (LTCI) Task Force recently adopted a revised checklist for regulators to use when drafting and reviewing LTCI reduced benefit options (RBO) policyholder communications. The checklist is meant to provide regulatory guidance only (i.e. does not carry the weight of law) and can be used with the RBO Communication Principles. Following…
See You Soon! ILTCI 2023 Annual Conference
In just over a week, members of Faegre Drinker’s LTCi team will attend the 2023 Intercompany Long Term Care Insurance Conference in Denver. We are proud to once again support ILTCI as a diamond-level sponsor of the conference and our team will be presenting on a number of panels throughout the Conference. We look forward…
Evaluating Long-Term Care Health Programs
As long-term care insurance (LTCi) claims continue to climb, insurance carriers are also facing the increasing need for additional ways to manage their long-term care insurance (LTC) blocks and find health programs that best work for their policyholders. There are many factors that go into evaluating if an LTC health program is going to be…
LTCi Benefits Paid Grow in 2022
A record $13.25 billion was paid out to policyholders by long-term care insurance companies in 2022, according to new numbers out last week from the American Association for Long-Term Care Insurance (AALTCI). That is in comparison to $12.3 billion in 2021 and $11.6 billion in 2020. AALTCI says benefits were paid to about 345,000 policyholders…
Court Reinforces the Filed-rate Doctrine in Collins et al v. Metropolitan Life Ins. Co.
On February 3, 2023, the United States District Court for the Eastern District of Missouri granted MetLife’s motion to dismiss for failure to state a claim in Collins et al v. Metropolitan Life Ins. Co. In granting MetLife’s motion to dismiss, the Court reinforced both the filed-rate doctrine and the requirement for plaintiffs to exhaust…
HIPAA Regulation of Online Tracking Technologies
In a December 2022 bulletin published by the Office for Civil Rights at the U.S. Department of Health and Human Services (HHS), HHS made clear that the use of third-party tracking technologies by covered entities and business associates is subject to HIPAA privacy and security rules. The use of tracking technologies developed by third-party vendors…
Faegre Drinker Long-Term Care Summit V Recap
Faegre Drinker held its fifth Long-Term Care Insurance Summit in Chicago this fall. The event kicked off on October 18 with an informal, fun, and engaging social get-together, while the overall format for the interactive meeting was selective, informative, and fast-moving. Carrol Golden, Executive Director of the Specialty Centers at the National Association of Insurance…
Election Night for Insurance Geeks: November 2022
Election outcomes affect every industry. Insurance, however, is unique in the range of elected policymakers who can impact it directly — insurance commissioners, governors and Congress (not to mention state legislatures and other statewide officials). So as insurance stakeholders settle in the night of November 8 with popcorn and other traditional fare, what are our “ones to…
Long-Term Care Insurance: Wellness Program Impacts on Claims and Health Outcomes
By Nolan Tully
Insurance partner Nolan Tully and associate Jamie Campisi recently coauthored an article for LexisNexis Practical Guidance that discusses how wellness programs can be used to potentially prevent, delay or lower the severity of long-term care claims and improve health outcomes.
They give an overview of the wellness programs, noting that they are largely focused on pre-insurance-claim intervention…