California — Flooding Insured Losses: Moody’s RMS issued a report on what it thinks California’s recent flooding is going to cost insurers. It will hit somewhere between $500 million and $1.5 billion.
Total losses — insured and uninsured — could be a staggering $5 billion to $7 billion.
Source link: Business Insurance — http://bit.ly/40kcIge
Oregon — Draft 2024 filing deadlines for All issuers selling health benefit and pediatric dental plans: Based on the Center for Medicaid and Medicare Services’ (CMS) deadline for final plan data submission for 2024 plans, the Division of Financial Regulation (DFR) has prepared the following draft timeline for submission of 2024 form, rate, and binder filings. The filing deadlines apply to health benefit plans and exchange certified pediatric dental plans offered on-exchange and off-exchange. Dental products that will not be exchange certified are not required to follow this timeline.
DFR is providing these preliminary deadlines for planning purposes, but issuers are advised that we are still awaiting final federal due dates for 2024 plans. We will respond and adjust to changes in federal due dates as necessary.
2024-rate-filing-timelines.pdf
Visit our Health Filing Requirements page for more information:
https://dfr.oregon.gov/rates-forms/health/Pages/health.aspx
Washington — Premium Change Transparency – Fourth Draft (Comment Period Extended): We are extending the timeframe provided to submit comments and feedback on the Fourth Draft of the Premium Change Transparency rulemaking (R 2022-01).
Comments on the Fourth Draft are now due by close of business (5:00 PM PST) on the extended deadline of Monday, February 6, 2023; please send comments to RulesCoordinator@oic.wa.gov. This is the final and only extension to be provided for comments or feedback on the Fourth Draft.
Interested parties will have other opportunities in the rulemaking process to submit comments and feedback. For additional information, including the text of the Fourth Draft, please visit the rule’s webpage at the following link.
