Managed Care Program Offers Single Policy and Multiple Coverages

SACRAMENTO, Calif., Feb. 13, 2012 /PRNewswire/ -- Five Star Healthcare™, a division of Crump Insurance Services, Inc. (Crump P&C), and part of Crump Group, Inc., one of the nation's largest insurance wholesalers, today announced it has added a new insurance facility for managed care service providers.

Five Star Healthcare increases its healthcare coverage options with the introduction of a Managed Care Program. This is the third program in a line of healthcare products, which includes a Senior Living program and coverage for Kidney Dialysis Centers. Provided through Torus Specialty Insurance Company and Torus National Insurance Company ("Torus"), both AM Best A- (Excellent) rated carriers, this program provides coverage to eligible managed care service providers such as Independent Physician Associations (IPAs), Physician's Hospital Organizations (PHOs), Managed Care Organizations (MICOs), Administrative Service Organizations (ASOs) and more. 

The Managed Care Program is a single policy solution providing multiple coverage options. Available coverages include Miscellaneous Errors & Omissions (E&O), Directors & Officers coverage (D&O), Fiduciary, Privacy and Network Security, Media Errors & Omissions, Employment Practices Liability (EPL) and Technology Errors & Omissions. Coverage can be written as stand-alone or in combination with separate or aggregate limits.

A major highlight of the program is its broad Description of Operations Endorsement, available only through 5Star Healthcare. The Managed Care Program is available nationwide with low minimum premiums and deductibles.

When introducing the new program, Dave Obenauer, president of Crump P&C, said that "a managed care solution is of primary importance to clients of our Healthcare Practice. The 5Star solution responds to insured requests for a flexible product with broad coverage." Commenting on the changing marketplace, Obenauer affirmed that the product launch is timely, as "we are starting to see ripples of change in the professional lines industry with regard to appetite."

Michael Phillips, Senior Vice President of the Torus' Commercial Errors & Omissions Division, commented on Torus' relationship with 5Star Healthcare saying, "The expertise available from both companies is very complimentary. Knowledge of the healthcare industry in general and insurance coverage available is unique within 5Star. Combining that expertise with the ability to underwrite and distribute specialty products, makes 5Star a key strategic partner for Torus and enhances the market capabilities for the Managed Care Program."

Five Star works with licensed and insured retail property and casualty agents and brokers.  Those seeking more information regarding 5Star Healthcare products and services can visit www.5starsp.com/healthcare or contact Mary Nolan, Senior Vice President of 5Star Healthcare, at [email protected] or 415.524.4322.

About Torus
Torus Specialty and Torus National Insurance Company are two of several companies that comprise the Torus group of insurance companies (the "Torus Group").  The Torus Group offers a diversified and growing range of property, casualty and specialty insurance, as well as reinsurance products, to a global client base through its European, U.S. and Bermudian based insurance subsidiaries. Launched in 2008, the Torus Group now has over 600 employees in 13 offices worldwide.  In the U.S. Torus can offer admitted as well as excess and surplus lines products in all 50 states.  For more information on the Torus Group is available at http://torusinsurance.com.

About Crump Insurance Services and Five Star Specialty Programs
Crump Insurance Services, Inc. (Crump P&C) is a division of Crump Group, Inc., the nation's premier insurance wholesaler.  Crump Insurance Services includes Crump wholesale brokerage locations across the U.S. and in Bermuda, Five Star Specialty Programs, Five Star Professional Programs, Target Insurance Services, and Hanleigh Insurance. Additional information on these companies is available at www.crumpins.com. Acting as a program administrator for numerous P&C carriers, Five Star Specialty Programs develops and provides specialty underwriting for commercial insurance programs. More information specifically on 5Star is available at www.5Starsp.com.

SOURCE Crump Insurance Services, Inc.