Publication
Reducing wildfire-related D&O liability risk
Recent catastrophic wildfires in California and Hawaii have intensified public scrutiny of utilities and other companies that operate in areas susceptible to wildfires.
Air ambulance Chapter 11s show dispute program must resume
The No Surprises Act was supposed to allow fair payments to out-of-network air ambulance providers while shielding patients from unexpected medical bills for these life-saving transports.
However, less than two years since the act went into effect, the independent dispute resolution program has been shut down to new air ambulance claims for an indefinite amount of time, leaving no way to challenge low payments from insurers and health plans.
As the shutdown nears its third month, national air ambulance provider Air Methods Corp. has filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas, citing the No Surprises Act as a major contributor to its financial troubles. Its filing demonstrates the urgent need to reopen the IDR program for air ambulances.
Read the full Law360 article, "Air ambulance Ch. 11s show dispute program must resume."
Recent publications
Publication
BOI reporting removed for US companies and persons
FinCEN's interim final rule that removed the requirement for US companies and persons to submit beneficial ownership information (BOI) reporting under the CTA was published in the Federal Register.
Publication
Corporate Transparency Act reporting obligations
The Corporate Transparency Act (CTA) is a United States law designed to enhance law enforcement’s ability to combat money laundering, terrorist financing and other illicit activities by increasing transparency with respect to owners of closely held business structures.
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