Fireman's Fund Expands Coverage in Medical Facilities Market
NOVATO, Calif.–(BUSINESS WIRE)–April 2, 2008–Today, medical care goes far beyond the traditional hospital or doctorâ€™s office. Physicians and caregivers are treating patients in a variety of facilities, from urgent care clinics to drug and rehabilitation centers. Firemanâ€™s Fund Insurance Company, responding to the growing needs of the industry, announced today its expansion of coverage in the medical facilities market.
â€œThis is an industry that we already have a longstanding relationship with,â€? said John Chace, vice president and executive product director of Professional Liability at Firemanâ€™s Fund. â€œWe currently provide liability coverage for more than 200,000 health care professionals across the country, so this is a natural progression.â€?
Firemanâ€™s Fund will now consider submissions for a wide range of facilities, including home health, medical centers, medical group homes, social service centers, ambulatory surgery centers, testing and treatment labs, urgent care facilities, dialysis centers, and more.
Along with its current coverage for healthcare professionals, this expansion by Firemanâ€™s Fund in the medical facilities market links general liability, professional liability, Excess, inland marine, and related property all in one place.
â€œItâ€™s one-stop shopping,â€? said Chace. â€œWe are bringing a fresh perspective and expanded product line-up to the market. We also have the ability to offer Excess liability protection in these collateral lines.â€?
Hugh Burgess, chief underwriting officer, Firemanâ€™s Fund Specialty Insurance, emphasized the companyâ€™s ability to tackle complex coverages, by saying, â€œWe can take on complicated risks other companies canâ€™t touch because of our relationship with our parent company, Allianz SE, one of the worldâ€™s largest insurance companies.â€?
About Firemanâ€™s Fund
Fireman’s Fund Insurance Company is a premier property and casualty insurance company providing personal, commercial and specialty insurance products nationwide. Fireman’s Fund is a member of the Allianz Group (NYSE:AZ), one of the world’s largest providers of property and casualty insurance and other financial services. It is rated ‘A+’ by Standard & Poor’s Ratings Services. For additional information, visit www.firemansfund.com.