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    Cyber exposures a concern due to Ukraine-Russia conflict

    While cyber exposures in the hospital space are generally always an area of concern for insurers and risk managers, the invasion of Ukraine by Russia has led to concern among cyber security experts that the healthcare sector could be at expanded risk due to the conflict. The American Hospital Association bolstered these concerns recently, following More

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    Increased independence of Advanced Practice Clinicians spurs standalone coverages

    The growing demand and rising exposures for the Advanced Practice Clinicians segment, a category which can include nurse practitioners, certified registered nurse anesthetists, and physician assistants, has led to the creation of new standalone products and coverages from carriers, alongside a drip feed of rate hikes. The increased reliance on these segments in the healthcare More

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    Telehealth coverage demand waves as market hardening looms

    Despite the pandemic leading to a groundswell of demand for telehealth coverage among general practitioners, exposures and claims for telehealth related coverage remained relatively benign, with the most common concerns among carriers being the potential fallout of state licensure issues and claims severity as damage caps vary greatly across state lines. ProAssurance’s Mike Rosenthal, senior More

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    Rate hikes planned amid lower overall premiums in 2022

    Increased exposures have led to planned rate hikes scattered among medical professional liability carriers within the physician and nurse practitioner’s segment. Despite the seemingly never-ending specter of COVID-19, carriers have generally not noted any adverse impact on pricing as a result of the pandemic, though overall exposures and suspension of practices are continuing to vary More

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    Fair American Insurance Taps Psychiatrists Professional Liability Program With Changes

    Fair American Insurance and Reinsurance Company will make changes to its Psychiatrists Professional Liability Program in the 4th Quarter of 2021, pending various state regulatory body approvals. The company will make revisions under its Entity Coverage for this program, spurred on by recent actuarial and underwriting data, as well as a response to similar offerings More

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    Chubb Tightens Allied Health with New Endorsements

    Chubb subsidiary ACE American Insurance Company will introduce new endorsements to its Allied Healthcare Human Services Program in the tail end of the 2nd quarter of 2021. ACE American will introduce two new endorsements to its playbook in California, with a tentative effective date of June 4, 2021, for new and renewal business. Both new More

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    ProAssurance Insurance Targets Independent Contractors With New Endorsements

    ProAssurance Indemnity Company, Inc., introduced two new endorsements on April 1, targeting independent contractors. These endorsements are new and will be intended for use with the carrier’s Healthcare Professional Liability Program, as well as for use with its Ob-Gyn and MDVIP purchasing groups. ProAssurance will aim to bring these new coverage options to New Jersey. More

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    Berkshire’s MedPro plans physicians rate hike

    Berkshire Hathaway subsidiary The Medical Protective Company will implement a rate increase to its Physicians & Surgeons and Allied Healthcare Providers programs. These rate changes will primarily impact the carrier’s Physicians & Surgeons book of business. MedPro is planning to implement an overall 3.0% rate increase to this program. The carrier is aiming to implement More

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    State Volunteer hikes rates in Q2 citing competition

    State Volunteer Mutual Insurance Company will introduce a rate hike to its Physician Surgeon Medical Professional Liability program midway through the 2nd quarter of 2021. The carrier is aiming to introduce an overall 3% increase to its physician and surgeon rates, which was tentatively scheduled to go into effect on May 15 in Georgia. This More

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    Chubb Expands Risk Management Coverage Limit Options With New Endorsement

    Chubb subsidiary ACE American Insurance Company will introduce a new endorsement, along with a revised endorsement, to its Chubb Professional Enterprise Risk Management Policy on approval from state regulators in North Carolina. Both endorsements will be optional. The new endorsement will be dubbed the Maximum Policy Limits of Insurance (Item 3) Amended – Cyber Insuring More

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    Curi Continues Physicians and Surgeons Expansion

    Curi, formerly Medical Mutual Insurance Company of North Carolina, continues its efforts to expand its geographic reach in 2021, with plans to bring its physicians and surgeons program to Maine near the end of the first quarter. The carrier is eyeing an effective date of March 15, 2021, with the carrier planning to utilize its More

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