Allied World U.S. and the American Professional Agency Launch Program for Psychiatric Nurse Practiti
Allied World U.S. and the American Professional Agency Launch Program for Psychiatric Nurse Practitioners and Physician Assistants
ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG (NYS: AWH) announced today that Allied World U.S. and the American Professional Agency, Inc. (APA, Inc.) have launched a medical malpractice insurance program for psychiatric nurse practitioners and physician assistants in the field of behavioral health. The latest in a suite of products developed specifically for mental health professionals, this program provides coverage tailored to the unique exposures faced by nurse practitioners and physician assistants providing psychiatric and mental health-related services when supervised by a licensed psychiatrist. Coverage mirrors that provided to psychiatrists by Allied World and APA, Inc., including legal liability, personal and advertising injury, privacy, and licensing board complaint coverage. The program also provides robust risk management services and support for policyholders.
Grace Meek, Senior Vice President, Programs, Allied World U.S. stated, "The APA is one of the largest and most respected mental health malpractice providers in the country and we have worked with them for several years providing comprehensive, specialized programs for professionals in the field. We are proud to partner with them again on this new program and are confident that our tailored coverage and risk management services will be highly beneficial for our mutual clients."
APA Inc.'s Executive Vice President, Peter T. Imbert stated, "We are proud to partner with Allied World on this stand-alone coverage for psychiatric nurse practitioners. As the sole broker of professional liability insurance for members of the APA and the American Academy of Child and Adolescent Psychiatry, the two largest psychiatric associations in the nation, we continually strive to meet the evolving needs of mental health practitioners. This new coverage meets those needs."
For more information on this program, please contact Grace Meek, Senior Vice President, Programs at (646) 794-0555. email@example.com.
About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and Fitch.
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.
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