ACE Releases New Advisory Examining the Increased Management Liability Risks
For the Health Care Industry
PHILADELPHIA -- September 17, 2013
ACE USA, the U.S. based retail operations of the ACE Group, today announced
the release of a new advisory entitled “The Rising Tide of Risk for the Health
Care Industry.” The paper is co-authored by Keith Lavigne, Senior Vice
President, ACE Professional Risk, and Bass, Berry & Sims, PLC Members Matthew
Curley, Dale Grimes, John Kelly and David King. It is the first in a series of
papers to be released by ACE that are designed to highlight the increased
exposures faced by health care organizations. The paper details recent
regulatory changes and emphasizes the importance of having a state-of-the-art
management liability insurance program in place to protect health care
organizations from these potential threats.
“ACE is committed to providing practical information on a range of relevant
issues,” said Keith Lavigne, Senior Vice President, ACE USA Professional Risk.
“This paper is the first in a series that will address matters of critical
importance to health care organizations. Our goal is to inform health care
organizations, their outside counsel and their brokers, and to encourage them
to take a comprehensive approach to the management of these exposures.”
“The Rising Tide of Risk for the Health Care Industry” discusses the
significant upswing in the number of False Claims Act cases in recent years,
and how this impacts the reimbursement process. It also discusses current
antitrust enforcement trends, and the high stakes associated with disputes
between hospitals and physicians over credentialing and peer review matters.
To access the paper, please visit our website. The material presented in this
report is not intended to provide legal or other expert advice. It is
presented as informational only. Readers should consult legal counsel or other
technical experts, as applicable, with any specific questions they may have.
ACE Professional Risk, a division of ACE USA, is staffed by a specialized team
of innovative underwriters and provides management liability and professional
liability products throughout the U.S. For more information about ACE
Professional Risk and its range of products and services, please visit our
Insurance is provided by insurance companies within the ACE Group. All
products may not be available in all jurisdictions. The product information
above is a summary only. The insurance policy actually issued contains the
terms and limits of the contract.
ACE USA is part of the ACE Group. The ACE Group is one of the world’s largest
multiline property and casualty insurers. With operations in 53 countries, ACE
provides commercial and personal property and casualty insurance, personal
accident supplemental health insurance, reinsurance, and life insurance to a
diverse group of clients. ACE Limited, the parent company of the ACE Group, is
listed on the New York Stock Exchange (NYSE: ACE) and is a component of the
S&P 500 index. Additional information can be found at: www.acegroup.com.
ACE North America Communications
Carla Ferrara, 215-640-4744
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