DR Darwin Professional Underwriters

Single, Integrated Policy Provides E&O, D&O, EPL, Fiduciary, Media, Network Security and Data Privacy Coverage FARMINGTON, Conn., March 10 /PRNewswire-FirstCall/ -- Darwin Professional Underwriters, Inc. (Darwin), (NYSE:DR) has introduced a new multi-coverage corporate liability insurance product for managed care organizations. In a single, comprehensive policy, Darwin has integrated the following coverage parts, which are critical to address managed care organizations' management and corporate liabilities: -- Professional services errors and omissions (E&O) liability -- Directors and officers (D&O) liability -- Employment practices liability (EPL) -- Fiduciary liability -- Media liability -- Network security and data privacy (Logo: http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO ) Darwin's managed care corporate liability coverage simplifies the insurance purchasing process for managed care organizations and service providers. The policy is the first of its kind; it offers coverage for the wide scope of professional services that managed care organizations provide. Examples of the policy's unique features include supplemental coverage for privacy breach notification and credit monitoring costs, no exclusions for regulatory claims, antitrust, bankruptcy, or electronic data processing, and coverage for loss of medical and non-medical personally identifiable information, including Health Insurance Portability and Accountability Act (HIPAA) fines, fees, and penalties. The policy offers duty-to-defend coverage on an excess and surplus lines basis, with standard terms that include punitive damages coverage (most favorable venue), third-party liability, final adjudication coverage, and a range of other distinctive features. As with all of Darwin's insurance products, the managed care corporate liability policy includes a value-added risk management program that educates policyholders in current and effective loss prevention planning. Managed care service providers eligible for coverage include, but are not limited to, independent physician associations (IPAs), physician hospital organizations (PHOs), administrative service organizations (ASOs), case and disease management providers, credentialing verification organizations (CVOs), management service organizations (MSOs), peer review service organizations (PRSOs), rental network entities, third-party administrators (TPAs), and utilization review organizations (UROs) with $25 million or less in annual revenues and with limits of up to $5 million available. "Our goal in developing this product was to significantly simplify the coverage procurement process and to offer a state-of-the-art product through the integration of multiple insurance coverages into one policy for the benefit of agents, brokers, and insureds," says Cindy Oard, vice president, health care management liability underwriting. "While other markets have combined portions of coverages, this policy was designed to go well beyond any of those combinations. The policy has been constructed specifically to cover a managed care organization's service provider-related exposures. In fact, the professional E&O coverage is significantly more inclusive than traditional managed care E&O coverage -- the policy is like nothing this market has seen before. We believe we have created an approach to this buying segment that cannot be ignored." Important Information Coverage descriptions in this press release are summaries only; all coverages will be determined by the policy as issued. Policies are available only through licensed surplus lines brokers. Additionally, this press release may contain projections, comments, and other forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Each forward looking statement is based on Darwin's plans and expectations, as well as on current events and industry trends. Such statements are subject to risks and uncertainties, and the actual outcomes or results may differ materially from those expressed or implied by any of these statements. About Darwin Professional Underwriters, Inc. Darwin is a specialty insurance group based in Farmington, Connecticut. The company is focused on the professional liability insurance market and underwrites directors and officers ("D&O") liability for public and private companies, errors and omissions ("E&O") liability insurance, medical malpractice liability insurance, and other specialty coverages. Darwin member companies include Darwin Professional Underwriters, Inc., Darwin National Assurance Company (DNA), and Darwin Select Insurance Company (Darwin Select). DNA and Darwin Select have earned a financial strength rating of "A- (Excellent)" from A.M. Best Company. Darwin is traded on the New York Stock Exchange under the ticker symbol, "DR." For more information about Darwin, visit http://www.darwinpro.com/. http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO http://photoarchive.ap.org/ DATASOURCE: Darwin Professional Underwriters, Inc. CONTACT: Underwriting inquiries, Cindy Oard, +1-860-284-1322, , or Media inquiries, Drake Manning, +1-860-284-1500, , both of Darwin Professional Underwriters, Inc. Web site: http://www.darwinpro.com/

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