BW INSIGHTS

What Questions Should I Ask Before Dry Leasing an Aircraft?

I am contacted routinely by individuals that are interested in dry leasing an aircraft for either business or personal use (or both). These individuals have made the decision that they are willing to accept the risks of a dry lease of an aircraft (as opposed to a charter), which includes the party leasing the jet (the “dry lessee”) assuming full... Read More

2020 NAIC Fall Meeting Summary

The National Association of Insurance Commissioners (NAIC) held its final 2020 meeting virtually over four days: 12/2-4 and 12/7-9. Following the activist agenda from the Summer meeting, this meeting was unremarkable. New officers were elected, and a few issues were decided but overall, it was non-controversial. 2020 NAIC Fall Meeting Summary Some... Read More

Insurer Response to COVID Claims by Businesses

Nearly three months after COVID made its first appearance in the U.S., many businesses remain closed or operating on a limited basis, resulting in disastrous financial implications. One potential strategy to mediate the financial impact for many is business interruption insurance. However, insurance companies are weary of paying out business... Read More

2020 Legislative Session - Week 2

With subcommittee and committee work underway, moves to regulate vaping products are gaining steam on both sides of the aisle. In response to a new federal law raising the minimum age to purchase tobacco and vaping products from 18 to 21 years old, Iowa lawmakers are working toward codifying the change at the state level. Senate State Government... Read More

Aircraft Dry Lease Checklist

There is no doubt about it: purchasing, owning, and operating an aircraft is an expensive endeavor. For this reason, we find our clients seeking out more cost effective private aircraft arrangements. Most often, an aircraft charter or lease arrangement more closely aligns with a client’s goals than outright aircraft ownership. Chartered air travel... Read More

Iowa Medicaid Providers Subject to Increased Scrutiny for Medicaid Overpayments

On January 23, 2018, the Iowa Department of Human Services (DHS) announced that it will begin using statistical sampling to determine whether Iowa Medicaid providers have received overpayments from Iowa Medicaid Enterprise (IME), including from the Managed Care Organizations (MCOs), and the Iowa Dental Wellness Plan. Pursuant to Informational... Read More