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.
OneBeacon Financial Institutions’ Chris Luca is excited to be a part of the 10th Annual Errors & Omissions (E&O) Liability Insurance ExecuSummit this week in Uncasville, CT. Chris is sitting on a panel titled, “Are Stock Brokers Fiduciaries? Depends on who you speak with – The Department of Labor Fiduciary Rule.” The panel will examine stock brokers and their duties to their clients, as implementation of the rule requiring advisors to put their clients’ interest above their own financial gain when offering advice cascades to those in the financial planning sector.
This ExecuSummit is an educational event specifically designed for errors & omissions insurance professionals. It offers thought-provoking sessions presented by industry-leading experts who provide E&O insurance underwriting and claims intelligence.
The 12th Annual Directors and Officers Liability Insurance ExecuSummit is taking place this week in Uncasville, CT, and OneBeacon experts are there.
This ExecuSummit is an educational event specifically designed for directors and officers liability insurance professionals. It offers those who are on the forefront of the D&O insurance industry insights to essential intelligence surrounding the intricacies of this product. Attendees will obtain a unique perspective and the ability to see patters and trends emerge.
OneBeacon Financial Institutions’ Chris Luca is a co-chair of the event, and will participate on a panel titled, “Developments in Private Investment Fund Coverage and Litigation.” OneBeacon Management Liability’s Stacy Paquet is part of a session titled, “Private Company D&O/EPL/Fiduciary Underwriting Issues and Claims.”
OneBeacon Healthcare Group’s David Pulley is a presenter for a webinar taking place this week. Hosted by the National Association of Certified Professional Midwives (CPM), this hour-long session will focus on best practices for risk management and discuss aspects of liability related to midwives, homebirth and birth center-based practices. David will also speak about ways to help minimize liability, documentation of the medical record, processes and action plans, reporting adverse events to appropriate parties, transporting mothers and/or infants and collaboration with physicians.
OneBeacon Healthcare Group’s Sarah Logue is co-presenting at this year’s Drug & Alcohol Testing Industry Association (DATIA) annual conference taking place this week in Las Vegas. The conference focuses on the latest information pertinent to this unique industry. The session titled, “Changes in Professional Liability Insurance,” discusses the professional liability insurance needs of these organizations, and how recent changes in underwriting guidelines impact them.
The PLUS Medical Symposium is back to Chicago this year, and OneBeacon Healthcare Group is there!
In addition to scheduled meetings, members of our team will participate in various sessions. Susan Angelo, Senior Vice President, Managed Care Divisions, will moderate a session titled, “2016 ACA Update: Good News/Bad News.” The ACA was enacted to provide health care to all. Exchanges and Co-ops were formed to ensure competition and provide affordable options. Yet, these newly formed organizations are failing at an alarming rate. What are the ramifications? This panel will discuss these and other issues involving ACA.
Brenda Craig, Senior Vice President, Senior Living Organizations and Medical Facilities Divisions, will sit on a panel hosted by AmWINS. Focused on Long Term Care, the panel will discuss tough venues, competing with standard markets and other challenges facing the industry.