DID YOU KNOW?
Our Healthcare Practice |
Our 30 healthcare team members in offices nationwide place $190 million in premium and have access to virtually all admitted and surplus lines markets. Our group specializes in Allied Healthcare, Hospitals, Life Sciences, Long Term Care, Physicians and Physicians Groups. We offer our clients a number of CE courses within the healthcare arena, access to our staff actuaries, a claims advocacy group, and legal counsel to ensure our products and services are unsurpassed. Go here for more information.
Further, AmWINS is the exclusive insurance distributor for Premier Insurance Management Services, Inc. Premier is a group purchasing organization with over 2,000 member hospitals and $33 billion in annual group purchasing volume. Premier Insurance clients have access to enhanced coverage, preferred pricing, exclusive features, tools, resources and education.
For more information, contact Sarah Ruble, 704.749.2855, sarah.ruble@amwins.com.
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If you have a question about this newsletter, please contact:
Sarah Ruble
Melanie Riordan
704-749-2888
melanie.riordan@amwins.com
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In this month's Client Update, because many of our clients have questions about the state of the market now, we begin by offering a market update examining the initial impact of the events in Japan on the insurance market. Part two of our client advisory Third Party Over Claims continues our exploration of the topic, this time examining the role of contractual indemnification and the contractors general liability policy. We include two other client advisories, one about important coverage definitions for professional and management liability policies and another on the risk of natural resource damage for underground storage tanks. We also show you how health benefit audits can help the savvy consultant meet client needs and where you can read RMS's official announcement about version 11.0 of their catastrophe modeling software. If you have any comments or suggestions for the AmWINS Client Update, please let us know at news@amwins.com. Client Updates are archived here on our website if you'd like to refer back to previous issues. Thank you for continuing to be a valued AmWINS client.
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| MARKET UPDATE: Japan Earthquake Impact on Insurance Market | |
How are the earthquake and tsunami in Japan affecting the market?
Given the unprecedented and epically tragic losses following the historic 9.0 earthquake off of Japan's coast, many clients are looking for direction in where the insurance world might be headed given the repercussions from such a large event. Read more...
For more information about AmWINS' property and DIC/earthquake capabilities, contact Melanie Riordan at 704.749.2888 or melanie.riordan@amwins.com.
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CLIENT ADVISORY: Third Party Action Over Claims, Part 2
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What role does contractual indemnification play in Third Party Over Claims?
Third Party Over claims are often thought of as specific to New York because of the state's labor law issues, but as we explore in this client advisory, the exposure exists nationwide.
Kenner Steel Co is subcontracting on a project for which Ajax Construction is general contractor. When one of Kenner's employees is injured and chooses to seek additional compensation beyond workers' comp, he sues the general contractor - a third party claim. But the general contractor seeks contractual indemnification according to the subcontractor agreement and attempts to place liability back on Kenner. In this third party "over" action, who will ultimately be held responsible? Read more...
For more information about how AmWINS can help with your accounts that may be impacted by third party over claims, contact Tom Lott, 704.749.2848, tom.lott@amwins.com.
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NEWSLETTER: Product Recall and Contamination
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 The March edition of the AmWINS RecallReport highlights the massive impact of a simple typo. Each month, the AmWINS RecallReport highlights a major recall or industry issue and provides a list of select recalls from the previous month, illustrating the impact of product recall and contamination exposures and why this coverage is so important. Feel free to use this newsletter to help your clients understand why many companies are at increased risk for recalls and what they can do. Read more...If you'd like to receive the monthly RecallReport, click here to sign up for the newsletter. For more information please contact our Product Recall Specialists at recallready@amwins.com or your AmWINS broker/underwriter. |
CLIENT ADVISORY: Underground Storage Tanks and NRD Coverage
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Obtaining Natural Resource Damage (NRD) coverage doesn't have to feel like a natural disaster.
Covering NRD exposures for Underground Storage Tanks can be difficult. Groundwater contamination is a huge concern. But did you know that most storage policies exclude NRD? Our client advisory on USTs examines the issue and offers a solution to those agents seeking coverage. Read more...For more information about AmWINS' TankAdvantage program and how we can help with your clients' underground storage tank exposures, contact Jim Titus at AmWINS Program Underwriters at 717.214.7604 or jim.titus@amwins.com.
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CLIENT ADVISORY: Key Elements of Claims-Made Policies for Professional and Management Liability
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Understanding these key points is critical for reducing coverage problems.
Misunderstanding policy details for professional and management liability policies written on a claims-made basis is one of the most common reasons for coverage problems. Explaining key points to clients can be difficult, but it is crucial to their protection - and yours. We've prepared a client advisory to help you explain the details and procedures necessary for claims-made policies. Read more...For more information about how AmWINS can help you and your clients, contact Sarah Ruble, 704.749.2855, sarah.ruble@amwins.com.
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CLIENT ADVISORY: The Value of a Health Benefits Audit
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A health benefits audit can position the benefit professional as a savvy consultant and provide an important competitive edge.With health benefits costs rising, the annual renewal exercise that benefits professionals and their customers go through can be painfully negative. The benefits professional who provides a silver lining to all of that gloom will stand out from competitors. A thorough benefits audit can reveal areas of significant savings that can serve as that important silver lining. Read more...For more information about how AmWINS' health benefits audits can help you and your clients, contact Lisa Kuszmar, 704.749.2780, lisa.kuszmar@amwins.com.
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RMS Version 11.0 Update Announced
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 RMS Announces Details of New Software VersionLast month, we sent you an update with some expected changes to RMS' version 11.0 catastrophe modeling software. The company has now released an official statement regarding the new version. Read more...For more information about how AmWINS' access to RMS can help you and your clients, contact Melanie Riordan at melanie.riordan@amwins.com or 704.749.2888.
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