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 website. 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.