Guest guest Posted May 31, 2004 Report Share Posted May 31, 2004 Dave, Respectfully can you be more clear about the extent of what your " somewhat involved " means? I think it is time that everyone voicing an opinion on this issue disclose ethically and honestly. I sit on a state board that received calls in the last few weeks from the AAC with the connotation that they were just watching out for our best interests while revealing to us false informaiton about the Lloyd's policy we decided to endorse for our members. We know it was false because we checked it out with our state insurance commission. We endorsed the Lloyd's policy because of the deal our members themselves got directly in terms of discounts plus scope of practice coverage offered, which was of great concern to a number of our members. The Lloyd's policy being bought out represents the second time in five years our members were forced to buy AAC insurance. The first was when Scott Danahy and Naylon lost their underwriter, and Royal Sun Alliance AKA AAC " stepped in " to fill the void. Some of our members went nearly ballistic with the raise in premiums (at renewal time-they didn't see that raise initially), loss of significant member discounts, the kinds of questions that were presented to them in their application, and the loss of coverage for significant areas of practice. Others were satisifed with the change. With this most recent buyout, though, misinformation from the AAC seems to be aided and abetted by the AAOM. I dislike being put in the position of having to question the business practices of an insurance company or a professional organization that should be going to bat for us. Acupuncturists want choice, they want their state and professional organizations to make an honest deal for them if they can, and then they want fairness and consumer choice to dictate what happens from there. Maybe some full disclosure will get us back there. Valerie Hobbs LAc acuman1 Re: Malpractice Insurance Mon, 31 May 2004 13:52:07 EDT Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 31, 2004 Report Share Posted May 31, 2004 The Lloyd's policy being bought out represents the second time in five years our members were forced to buy AAC insurance. The first was when Scott Danahy and Naylon lost their underwriter, and Royal Sun Alliance AKA AAC " stepped in " to fill the void. Some of our members went nearly ballistic with the raise in premiums (at renewal time-they didn't see that raise initially), loss of significant member discounts, the kinds of questions that were presented to them in their application, and the loss of coverage for significant areas of practice. Others were satisifed with the change. >>>>Valerie do you still endorse the Lloyds policy? Alon Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 31, 2004 Report Share Posted May 31, 2004 We did until we found last week that due to the pressure of recent events, there is apparently no broker to sell it. It had its differences from other policies, but we got information from our members that the full scope and lack of arbitration agreements were two very big issues. I believe Conway Hall and Jackson also sell a Lloyd's policy but their pricing was higher than the previous incarnation of NHCMG. Over the last several years, our state association has printed updates on all the available malpractice insurance companies, and differences in the policies as a reference for our members. We had decided to endorse the old NHCMG policy, and would have endorsed the OMRMG policy, but they stopped selling policies last week. We are now again pointing our members to all known malpractice insurance vendors, and giviing them the contact information we have so that they can make their choice. Valerie " Alon Marcus " <alonmarcus Re: Malpractice Insurance Mon, 31 May 2004 21:28:19 -0500 Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 1, 2004 Report Share Posted June 1, 2004 Isn't the Executive Director for CSOMA and the Executive Director for AAOM one and the same? I thought that's what an email from AAOM just said. Sheila White <she-rahk wrote:After several phone calls, faxes, posts here, trying to read the policy closely, and finally receiving the letter from NHCMG this week I called CSOMA to ask if they had a position on this or advice. After explaining some of the communication I had received, they asked me to fax them the letter and policy. Evidently, CSOMA has a meeting next week with AAC/NHCMG and told me to expect a response to my questions by the end of next week. I will be happy to pass on anything I find out, but IMO anyone who is a member of any professional organization should call so they are clear about the level of confusion and mistrust that is present in this situation. That's at least part of what we are paying due for. Sheila Re: Malpractice Insurance I would recommend reading everything very carefully. The letter I received this week from NHCMG is flat out deceptive. >>They also said it does not cover infections while Lloyds's says communicable diseases which is totally different. It made me very agree as well and makes me wander if we are dealing with some internal battle or true problems with Lloyd's. Unfortunately Declan F. Fay RMN Insurance Agency did not answer my questions as well. So I would still like to know if Lloyd is not defending an LAc that is being sued for usage of aristolic acid containing herbs that lead to damage. Alon Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 1, 2004 Report Share Posted June 1, 2004 Valerie i thought casy was still selling it. Am i wrong? Alon Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 1, 2004 Report Share Posted June 1, 2004 As of last Friday, Declan Fay, which hired Casey, announced that it was declining to issue policies after June 1 , most likely due to the barrage of threats to their business they received. The NHCMG & AAOM letter were only the tip of the iceberg. Complaints were filed in dozens of states against OMRMG. Our commissioner's office reported to us that there was no basis to the complaint filed here, and that they were not all that happy receiving a frivolous complaint. Each complaint has to be answered, so you can imagine that a small business would be kept quite busy and possibly rendered unable to operate just by having to answering frivolous complaints. Everyone has the right to conduct business in the manner they see fit. Everyone should comparison shop insurance policies. The best deal should be struck by those who carry the risk for running the business. It is this after-the-deal-was-made barrage of negative and - at least in Colorado - false information-spreading that I find unacceptable in anyone who wants my business. Valerie " Alon Marcus " <alonmarcus Re: Malpractice Insurance Tue, 1 Jun 2004 17:48:31 -0500 Valerie i thought casy was still selling it. Am i wrong? Alon Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 2, 2004 Report Share Posted June 2, 2004 James- The ED for CSOMA and the ED for AAOM are not one and the same, this would be a conflict of interest. Bekah Christianson was once the ED for CSOMA and as of June 1, she is now the ED for AAOM. The new ED for CSOMA is Yolanda Sandoval. Concerning the issues of malpractice insurance and NHCMG I would recommend contacting Bekah at the AAOM for more information on this. I have been having difficulty trying to get some answers to this as well. If I do get any answers I will post them here. All My Best, Marc , James Fredericks <acupuncturestudent> wrote: > Isn't the Executive Director for CSOMA and the Executive Director for AAOM one and the same? I thought that's what an email from AAOM just said. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 13, 2005 Report Share Posted July 13, 2005 I am in the process of investigating malpractice insurance for acupuncture. Could anyone recommend an agency (United States practice)? Also what are the limits that most acupuncturists in the US are carrying these days? Thank you in advance for your feedback. Shane Haggard L. Ac. Quote Link to comment Share on other sites More sharing options...
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