Property and casualty insurer Chubb has created an industry practice to provide insurance coverage and risk management solutions for healthcare customers.
The new healthcare industry practice will offer a range of products and services for customers, including hospitals, physicians, long-term care facilities, managed care providers and other miscellaneous medical facilities and operations.
Chubb Healthcare executive vice president Caroline Clouser said: "The integration of physicians, shifts in payment models, new medical treatments and technologies, changing regulations, and merger and acquisition (M&A) activity are driving healthcare transformation and are challenging the industry to find new and creative risk management strategies and coverage options to help protect itself against significant liability exposures."
The practice will offer services across the company’s eight regions in North America via 48 branch offices.
The suite of coverage options include medical professional liability, property, builders’ risk and boiler machinery, management liability, privacy and network security.
Other options include environmental, surety, alternative risk financing such as loss portfolio transfers, heliport and non-owned aircraft, accident and health, as well as ESIS- risk management services and third-party Administrator.
Clouser will serve as the head for the team of healthcare underwriters, risk engineers, service specialists and regional distribution leaders across multiple lines of business. He will report to Chubb North America major accounts division president Chris Maleno.
With presence in 54 countries, Chubb offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance services to its customers.