DC Bulletin: Depreciation of Labor in Property Insurance Policies

The District of Columbia Department of Insurance, Securities and Banking issued a bulletin clarifying that depreciating labor expenses in property insurance policies is considered an unfair claims settlement practice. Insurers are instructed not to approve policy forms that allow for the depreciation of labor.

DC Guidance on Insurer Immunization Coverage

The DC Department of Insurance, Securities and Banking (DISB) issued guidance clarifying insurer expectations for immunization coverage. Insurers are expected to cover all ACIP-recommended vaccines and their administration costs without cost-sharing or obstructive utilization management for individual, small, and large group markets.

Updated Notification on Coverage Requirement and Issuer Accommodation

The District of Columbia Department of Insurance, Securities, and Banking has issued an updated bulletin regarding coverage requirements and issuer accommodations. This notice clarifies existing requirements for insurers and healthcare providers within the District.

Colorado DOI Enforces Federal and State Transparency in Coverage Rules

The Colorado Division of Insurance (DOI) has been granted enforcement authority over federal Transparency in Coverage (TiC) requirements. This allows the DOI to monitor carrier compliance with state and federal TiC data rules and issue penalties. The state also passed SB24-080 to strengthen these rules.

Contaminated Gasoline Advisory for Vehicle Owners with Insurance Issues

The Colorado Division of Insurance issued an advisory for vehicle owners affected by contaminated gasoline and experiencing issues with their insurance carriers. The advisory provides guidance on filing claims and contact information for the Division of Insurance.

Colorado Option Plans Reduce Premiums and Out-of-Pocket Costs

The Colorado Division of Insurance announced findings from a Mathematica analysis showing the Colorado Option standardized health plans are reducing premiums and out-of-pocket costs for consumers. The analysis, required by state law, indicates the program is meeting its goals of improving affordability and accessibility.

Colorado DOI: Hail is Primary Driver of Homeowner Insurance Costs

Colorado's Division of Insurance released data showing hail accounts for 26-54% of homeowner insurance premiums statewide. Governor Polis and the DOI are seeking innovative solutions to lower these costs for homeowners, including potential legislation for roof fortification grants and a reinsurance program for wildfires.

Colorado Access to Join Individual Health Market in 2027

The Colorado Division of Insurance announced that Colorado Access will join the state's individual health insurance market for the 2027 Plan Year. This addition will bring the total number of carriers in the market to seven, increasing consumer choice.

Arkansas DOI Warns of Medicare Urinary Catheter Billing Scam

The Arkansas Insurance Department issued a scam alert regarding scammers billing Medicare for unneeded urinary catheters. The alert highlights a significant increase in complaints since May 2023 and advises beneficiaries to regularly check their Medicare statements for fraudulent charges.

Arkansas Insurance Dept Penalizes PBMs for Law Violations

The Arkansas Insurance Department has issued notices of penalties and hearings against four major pharmacy benefit managers (PBMs) for alleged violations of state law regarding pharmacy payment rates. The department is seeking up to $1.47 million in fines for payments made below national average drug acquisition costs.