hospitals News

Ascent Launches Medical Billings E&O Coverage for U.S. Healthcare Professionals

Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals. CyberPro Medical Billings offers financial protection against HIPAA billing and coding regulation violations …

MagMutual Creates New Captive for Physician Practices, Hospital Systems

MagMutual Insurance Co., a medical professional liability insurer in the Southeast, has formed OURCell Captive, P.C.C.  A wholly owned subsidiary of MagMutual, OURCell Captive provides physician practices and hospital systems that desire to actively participate in the retention and management …

Alterna Enters MPL Space Through Captive, RRG Management Services

Alterna has entered into the alternative risk marketplace, specifically focusing on providing medical professional liability services for physicians, clinics, and hospital groups through one company. Most group insurance facilities (i.e., risk retention groups (RRGs), captives) have several third-party service providers …

Survey: Healthcare Reform Driving Demand for Provider Excess Insurance

Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, according to a ReSource Intermediaries survey. Traditional fee-for-service contracts that reward …

ACE Launches New Management Liability Options for Health Care Organizations

The ACE Group has launched ACE Express Private Health Care Protection and ACE Express Not-For-Profit Health Care Protection policies specifically designed for the new exposures facing health care organizations. The policies address exposures such as an increase in False Claims …

RSG’s Sapphire Blue, Catlin Agencies Launch Rural, Specialty Hospital Program

Ryan Specialty Group’s (RSG) Sapphire Blue and Lloyd’s Catlin Underwriting Agencies Ltd. have launched a new liability insurance program specifically for U.S. small rural and specialty hospitals. The program features claims management processing and a risk management component provided by …

MagMutual Expands PL Coverage to Hospitals, Health Systems

MAG Mutual Insurance Co., a medical professional liability insurer in the Southeast, is now offering a suite of coordinated coverage, defense and patient safety products to hospitals and health systems. Provided through MagMutual’s Professional Security Insurance Co., the offering combines …

ACE USA Expands Coverage for Hospitals, Miscellaneous Healthcare Facilities

ACE USA’s Medical Risk & Life Sciences Division has introduced four new coverage endorsements: media event expense, disciplinary proceeding defense, emergency evacuation expense, and patient property damage. The new endorsements are designed to supplement ACE’s current primary hospital and miscellaneous …

Texas Billing Patients Ordered to Hospitals by Court

About a dozen patients a year in Texas are billed by state hospitals for psychiatric care they were ordered to undergo by courts, a practice that has rankled criminal defendants committed to a hospital against their will, according to a …

Corporate Winners, Losers Under Supreme Court Healthcare Ruling

Hospitals and insurers providing Medicaid plans for the poor emerged as the main corporate winners from the U.S. Supreme Court’s decision to uphold President Barack Obama’s healthcare law, while investors in large insurers were left deflated. The ruling paves the …