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Excess Doctor & Physician Liability Insurance

February 15, 2010 – 5:29 am

No matter what type of healthcare industry you work in, it is almost certain that you will be facing challenges every day. Whether it is how to provide the best treatment or dealing with the stress of day-long shifts and a non-stop workload, you always have something to worry about on your mind. While you can take every precaution necessary to make sure you deliver the best quality of care to all patients, there are some things you can’t control – such as lawsuits seeking monetary damages. Even if you’ve never been faced with such a concern, you still never know what the future holds and it is best to make sure you’re covered before it becomes too late.

This is why excess doctor and physician liability insurance is so important to have no matter how good at treating patients you are. While y

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Insured losses from mid-Atlantic storms could top $2B: EQECAT

February 14, 2010 – 10:13 am

Two storms struck the area, the first beginning on Feb. 5 and the second this week after, leaving some parts of the Washington metropolitan area with more than 30 inches of accumulated snow. Wind gusts of more than 50 mph were reported up and down the East Coast.

Oakland, Calif.-based EQECAT based its estimate on a preliminary assessment of the overall scale of these storms and their snow, ice and wind impacts relative to major prior events in the last two decades. EQECAT expects that the majority of the losses will be focused in the corridor from northern Virginia to the New York metropolitan area.

EQECAT said the most common sources of monetary losses are a result of roof damage, pipe breakage and ice dams in eaves causing water to leak into buildings.

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Harvard Pilgrim names new leader

February 10, 2010 – 2:10 am

Mr. Schultz, currently president and CEO of Worcester, Mass.-based Fallon Community Health Plan, succeeds former Harvard Pilgrim President and CEO Charles D. Baker, who left in July 2009 to put together a statewide electoral campaign, and interim CEO Bruce Bullen. Mr. Bullen also has decided to leave Harvard Pilgrim but has agreed to help ensure a smooth transition for a period of time after Mr. Schultz arrival, a spokeswoman for Harvard Pilgrim said.

Mr. Schultz’s 27-year health insurance career also includes roles as the lead executive director of Prudential HealthCare, medical group administrator of Nashville Healthcare Group, and vp and executive director at CIGNA HealthCare.

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39% Premium Increase in California for Anthem

February 9, 2010 – 9:39 pm

Anthem Blue Cross in California has announced premium increases of up to 39% for its members and have defended that increase in a letter to Health and Human Services Secretary Kathleen Sebelius. As pointed out in that letter, the “39% figure” is the worse case scenario for some members.

Anthem blames the need for the increase on declining membership and skyrocketing medical costs.

So, just for curiosity, I took a look at WellPoint, Inc.’s end of 2009 financial report. WellPoint owns Anthem in California. In fact, they probably own a significant share of any health insurance in your state. “WellPoint is the nation’s largest health benefits company, with approximately 34 million members in its affiliated health plans.”

Let’s discuss SG&A expenses.

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Two Senate Democrats oppose health care strategy

January 25, 2010 – 10:50 pm

Democratic leaders said they were in no hurry to make a decision on how to proceed on a health care overhaul and did not expect specific guidance from President Barack Obama when he delivers his State of the Union address Wednesday.

“We’re trying to figure out what is possible,” said House of Representatives Democratic leader Steny Hoyer, D-Md.

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Fire Suppression Contractor Liability Insurance

January 25, 2010 – 2:13 am

If you work in an industry that involves testing various fire protection systems, you should look into fire suppression contractor liability insurance. Some qualifying businesses can include:

• Automatic Fire Sprinkler Contractors
• Fire Extinguisher Sales & Service Companies
• Restaurant & Special Suppression System Risks
• Fire Alarm/Burglar & Security System Installers
• Fire Equipment Distributors/Fire & Emergency Apparatus Dealers

If you work within this industry, protecting yourself from the dangers of working with fire suppression is critical.

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