MARQUETTE, MI –
May 24, 2012 – ProAssurance Casualty Company (ProAssurance) has formed an agreement with VAST, a solutions based insurance and risk management firm, as “gatekeeper” for its Community-Based Hospital (CBH) program for non-ProAssurance licensed agents within a defined territory. This agreement includes Michigan’s Upper Peninsula and the northern half of the Lower Peninsula.
In its new role, VAST will expand access to ProAssurance’s CBH program to independent insurance agencies that currently lack access to admitted markets in this insurance segment. This action will also broaden ProAssurance’s service to a greater share of Michigan’s hospital professional and general liability insurance market. VAST’s active involvement and strong relationships with Michigan hospitals makes it ideal for its role as the CBH portal for non-ProAssurance-licensed agents.
ProAssurance and VAST serve Michigan’s medical community by providing business solutions that help reduce the uncertainty of today’s practice of medicine and provide greater control. Insurance solutions include valuable risk management resources.
Located in Marquette, Michigan, VAST (www.vastsolution.com) is an independent agency specializing in assessing and managing risk for healthcare professionals. As the delivery of healthcare continues to evolve into the future (healthcare reform, reducing reimbursements, electronic health records, social media, etc.), healthcare providers face many new risks today. The Professional Solutions team at VAST utilizes a unique process to identify, prioritize, and quantify risks that are affecting healthcare facilities today and develop a plan for the facilities future. In addition to Medical Professional Liability, VAST’s team specializes in cyber liability, management liability, workers compensation, property, fleet, and alternative risk solutions.
ProAssurance (www.proassurance.com) specializes in medical professional liability and is recognized as one of the top performing insurance companies in America by virtue of its inclusion in the Ward’s Top 50®for the past five consecutive years. ProAssurance is rated A (Strong) by Fitch Ratings; ProAssurance Group is rated A (Excellent) by A.M. Best.