OneBeacon Healthcare Group is excited to announce that our enhanced Physician Group coverage form is now available. Physician groups have undergone unprecedented changes over the past several years. OneBeacon is prepared for these changes by offering up-to-date coverages and an expanded appetite.
- Can consider physician group accounts with a minimum premium of $50,000
- Multi-specialty and multi-state risks are eligible for coverage
- Per physician limits with a separate limit for the entity
- Consent to settle with the first named insured
- Coverage available for certain legal defense proceedings, HIPAA proceedings, and regulatory billing errors proceedings
- And more
To learn more about the enhanced coverage for physician groups, please visit onebeaconhc.com.
This week, the 13th Annual Directors and Officers (D&O) Liability Insurance ExecuSummit took place in Uncasville, CT, and OneBeacon was there! ExecuSummit participants are in the forefront of the D&O Insurance industry, monitoring and researching emerging issues and trends, and bringing this strategic intelligence to attendees as it is developing.
This year, Financial Institutions’ Christopher Luca co-chaired the event. Additionally, he and Financial Institutions’ Claims Robert Usinger participated on a panel titled, “Activist Investments and Claims in the Hedge Fund Space.” This panel discussed recent trends and exposures that are unique to the hedge fund space, as well as potential emerging issues.
Also part of a panel discussion this year was Enterprise Underwriting’s Ryan Sardelli. “The State of the D&O Marketplace” encompassed carrier competition, business segments like public, private and non-profit, specific classes of business, international exposures and trends.
OneBeacon Healthcare Group’s Sarah Logue and Linda McSmith are speaking at the 2017 Ambulatory Surgery Center Association (ASCA) conference in Washington D.C. this week.
Their session, “Protect Your ASC by Evaluating Its Insurance Coverages,” outlines key objectives and strategies to help evaluate current insurance coverages and considerations for the next insurance renewal season. Each insurance policy or coverage option that is signed offers an opportunity to protect a facility’s assets. Reconsider the way risks are looked at and treated in an ASC.
Thursday’s presentation will help demonstrate strategies for leaders to implement that may affect the way they look at and treat risks in their organization.
Senior Vice President and Risk Manager Patty Hughes is participating today on a panel titled, “Risk Managing Midwifery Practices,” at the New England Regional Healthcare Risk Management Conference in Mystic, CT.
The practice of Midwifery is thousands of years old and still evolving. In the U.S. there are Licensed Midwives, Certified Nurse Midwives, Certified Midwives, Certified Professional Midwives, Direct Entry Midwives and Traditional Midwives. According to the Midwives Alliance of North America, slightly more than 10% of births in the U.S. are attended by midwives. Midwives may practice in private homes, clinics, birth centers, and hospitals, and in addition to maternity care they provide primary women’s health care. The panel will examine the growing use of midwifery practices, the risk associated with them and potential strategies to mitigate risks.
Patty is also exhibiting at the conference, so be sure to stop by to say hello!
OneBeacon Healthcare Group is headed to Chicago this week to attend the annual PLUS Medical PL Symposium. We look forward to seeing you there!
On Wednesday morning Patricia Hughes, Senior Vice President of Risk Management, will participate on a panel titled, “Bitter Pill to Swallow: The Painful Liability Exposures Presented by Opioids.” This panel will examine how opioid use is a national crisis in the United States with multidimensional implications for healthcare providers, employers, law enforcement, patients and families. A $17.6 million dollar verdict against a physician and his employer spelled out how expensive this emerging exposure is becoming. The panel will explore the issues involved and solutions needed to be better equipped to address this ominous trend in medical professional liability.
Our Financial Services and Financial Institutions teams are in San Diego, CA this week for the annual American Bankers Association’s (ABA) Insurance Risk Management Forum. This conference is designed specifically to address risk management challenges facing the financial services industry.
If you are attending the event, we invite you to visit with OneBeacon Financial Services’ President Craig Collins and Vice President Gary Tannenbaum, or OneBeacon Financial Institutions’ President Kevin Koehler and Underwriting Manager Carly Mayer. We hope to see you there!
We are pleased to share the results of our 2016 holiday donation poll! Based on your votes, the OneBeacon Charitable Trust will allocate $10,000 among three national nonprofits as follows:
This holiday season, the OneBeacon Charitable Trust also donated $50,000 to nonprofits across the country. These organizations were chosen by local OneBeacon offices, with the donations impacting nonprofits that are important to those communities. Check out our Way to Give blog for a full listing of the organizations and the sponsoring OneBeacon office.
This year, the PLUS Conference is back in Chicago, taking place from November 9-11.
Later today, Stacy Paquet, President, OneBeacon Management Liability, will participate in a panel discussion titled, “Are Management Liability Exposures for Law Firms Changing?” The group will discuss the exposures that exist for firm management, including executive committees and general counsels, and how they impact management liability programs.
The PLUS Conference is considered a destination event for professional liability insurance professionals to learn and network.
OneBeacon Healthcare Group’s Linda McSmith is speaking today at the Tennessee Ambulatory Surgery Center Association Fall Conference and Tradeshow. Her session titled, “A Risk Management Approach to Managing Patient Safety,” reviews the national guidelines and strategies that have assisted clinicians in reducing the occurrence of surgical misadventures, and explores potential strategies to further reduce incident rates. Taking place in Franklin, TN, this conference brings together ambulatory surgery center professionals with industry experts to discuss topics ranging from clinical to management to business.
The False Claim Act (FCA) is the primary means to fight fraud perpetrated against the government. The FCA imposes civil and criminal liability for knowingly making a false or fraudulent claim to the United States for money or property; or to avoid an obligation to pay money (reverse false claim). 31 U.S.C. §§ 3279-3733.
FCA claims have been on the rise as the government, in collaboration with other governmental agencies, continues to crack down on fraud, waste and abuse in order to protect valuable taxpayers’ dollars. Thus, the key is to be proactive in managing the risk before an FCA claim is made against you.
Continue reading this OneBeacon Management Liability article featured on PropertyCasualty360.com and authored by Claims’ Katherine Tower.