On December 31, 2011, Delaware Insurance Commissioner Karen Weldin Stewart approved a proposed affiliation of Highmark Inc., a Pennsylvania nonprofit corporation, and BCBSD, Inc. (d/b/a Blue Cross Blue Shield of Delaware), a Delaware nonstock corporation, based on the recommendation of the officer appointed to hear and make recommendation with respect to the proposed affiliation, the Honorable Battle Robinson. Bayard’s GianClaudio Finizio served as Hearing Officer Robinson’s legal counsel throughout the process.
The process involved extensive discovery among the parties, which included Highmark , Blue Cross, the Insurance Department and the Attorney General. A sizeable record was developed consisting of thousands of pages of documents, transcripts, studies, reports and communications from the public. A public hearing was conducted on October 5, 6 and 7, 2011.
On November 18, 2011, the Hearing Officer issued a 77-page Recommended Findings of Fact, Conclusions of Law and Decision that served as the basis for the Commissioner’s approval of the affiliation on December 31, 2011.