Chubb launches practice for health care industry

Chubb Ltd. said on Wednesday it has launched a practice to provide insurance coverage and risk management solutions to the health care marketplace.

Chubb’s health care industry practice will offer insurance products and services for health care customers, including hospitals, physicians, long-term care facilities, managed care providers and other miscellaneous medical facilities and operations, Chubb said in a statement.

The practice will offer medical professional liability coverage, management liability coverage, privacy & network security coverage, environmental coverage, accident & health coverage, and surety coverage, according to the statement.

Philadelphia-based Caroline Clouser, executive vice president of Chubb Healthcare will lead the team of health care underwriters, risk engineers, service specialists and regional distribution leaders, according to the statement.

“The integration of physicians’ shifts in payment models, new medical treatments and technologies, changing regulations, and merger and acquisition activity are driving health care 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. Our industry practice is uniquely positioned to address these challenges with a comprehensive portfolio of products and services,” Ms. Clouser said in the statement.