Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

ACE Announces Increase In Professional Liability Coverage For Podiatrists

RELATED NEWS
Trade ACE now with 
4/13/2012 7:18 PM ET

Swiss-based insurer ACE Limited's (ACE: Quote) U.S. based retail operations ACE USA said Friday that its ACE Medical Risk Division has increased the reimbursement limits for legal expenses incurred due to an action by a federal or state agency arising from a podiatrist's pariticipation in the Medicare or Medicaid programs.

The company said the new Podiatrist Professional Liability Coverage Endorsement will help to mitigate and manage rising legal expenses by raising the coverage limits from $30,000 to $50,000 per action, with an annual aggregate of $50,000.

The product is underwritten by companies within the ACE Group and is offered to podiatrists exclusively by RPS Healthcare, National Program Administrator of the Podiatry PLUS program.

This new product enhancement comes to the market as ACE and RPS prepare for their participation in the 2012 Midwest Podiatry Conference in Chicago, Illinois.

Click here to receive FREE breaking news email alerts for ACE Limited and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.