InsuranceBaru.blogspot.com Interesting RC Twist | Insurance Baru
Latest News

Search

InsuranceBaru.blogspot.com Interesting RC Twist

No, non that RC; RC every bit inwards Risk Corridor. Regular readers may remember that these were payments promised to insurers to assistance mitigate the extraordinary claims wrought yesteryear ObamaPlans, as well as which were woefully underfunded.

Back inwards 2015, HealthyCT (that state's now-defunct Co-Op) received "more than $128 1 M 1000 as well as covered solely 6,094 people – to a greater extent than than $21,000 per enrollee." And that still wasn't enough: they went nether final summer.

But inwards a surprising (well, to me) development, Juris Capital (a "litigation funding theatre ") is offering to infuse over $10 1 M 1000 "to the estate of HealthyCT." First, I've never heard the term "estate of" used inwards the context of an insurance company, but it truly does work, no?

And second, why they're throwing coin downward that item hole is pretty interesting, every bit well: the failed insurer is nevertheless due over $30 1 M 1000 inwards RC funds; if those truly come upward through, well, overnice payday for Juris Capital (of course, that's a big "if").

And they're at the mercy of ii dissimilar regime entities: Constitution State insurance regulators who are suing the Feds. Not an appealing notion, but best of luck to Juris Cap.

0 Response to "InsuranceBaru.blogspot.com Interesting RC Twist"