Duane Castles - Chairman and Executive Officer
Duane founded Prime Advisors, Inc� in 1988. He has overall responsibility for implementing investment policies for clients and supervising investment operations. Duane has been actively involved with both individual and institutional clients since 1983. Prior to founding Prime, Duane was at Seattle-Northwest Securities. He also managed the Municipal Bond Department at U.S. Bank in Portland, Oregon where he had overall responsibility for trading and underwriting. During his tenure, the bank�s bond trading earnings were consistently at record levels. Along with Vince Rowland, Duane developed the theory of Dynamic Cash Flow Risk Reward AnalysisSM, and the return on surplus portfolio analysis methodology for insurance company portfolios. Duane graduated from Washington State University with a BA in Business Administration (Finance and Economics), and was both an MSRB (Municipal Securities) Registered Representative and an MSRB Principal.( Duane Castles - Chairman and Executive Officer)
Duane Castles - Chairman and Chief Executive Officer
duane castles: Ad Cancellation Policy - Ad cancellations made more than 60 days prior to the publication?s artwork deadline will be refunded without penalty. If cancellation is received less than 60 days prior to the publication's artwork deadline, VCIA maintains a cancellation penalty of 50% of the ad fees. Cancellation requests must be received in writing either by mail, email or fax.
The Physician Insurers Association of America (PIAA) is a trade association of more than 50 professional liability (medical malpractice) insurance companies owned and operated by doctors and dentists. Collectively, these companies insure approximately 60 percent of America's private practice physicians, as well as dentists, hospitals, and other healthcare providers. In addition, international affiliate members provide indemnification and other services to more than 400,000 healthcare professionals around the world.
Communications - The PIAA Communications Department plays a vital role in keeping our members informed about leading issues facing the healthcare liability industry. Major communications vehicles include the quarterly magazine, The Physician Insurer and a weekly fax newsletter, PIAA Newsbriefs; and an Internet website. The Association also published numerous industry related publications. Recent publications include the following: PIAA Medication Errors Symposium White Paper, Laparoscopic Injury Study, and the PIAA Medical Malpractice Insurance Primer. The PIAA also issues press releases in support of its risk management and advocacy programs and gains placement in the national press in articles relevant to its members and the PIAA mission.
Marketing Policies - Past sponsors and exhibitors are given the first option of refusal. All remaining sponsorships, ads and exhibits are available on a first come, first served basis. All ads and promotional materials are subject to approval by VCIA, and VCIA assumes no liability for content of any ads or promotional materials.
Duane Castles - Executive Officer
Physicians invested in their companies with the hope that their contributions would be returned to them when these new companies were operating successfully. Many companies have repaid these contributions, and others continue to do so. Furthermore, savings that materialized through improved claims experience and efficient operation have been returned to doctor-policyholders either in the form of dividends or reduced premiums.
The Physician Insurers Association of America (PIAA) is the only trade association representing the physician-owned and/or -operated medical professional liability insurance industry. PIAA membership comprises two categories: Primary (Regular and Associate Members) and Affiliate. Primary Members provide medical professional liability coverage to physicians, dentists, and hospitals, among others. Affiliate Members consist of non-insurance companies that provide goods and/or services to the medical professional liability insurance industry.
Duane Castles - Chief Executive Officer: Present: Playing a Vital Role in the Industry - CICA's expanding membership is a tribute to its growing number of educational offerings and its efforts to keep top professionals informed of the latest developments or challenges in the industry. The CICA International Conference and the CICA Fall Seminar have emerged as two premier education and networking events, in part because of their unique, domicile-neutral perspective.
Branch Captive: Is a unit of an existing offshore (alien) captive, currently licensed in Vermont to write employee benefit business for its owners and affiliates onshore. The branch is regulated as a pure captive, is taxed only on the branch writings and is required to use an onshore trust for the protection of US policyholders and ceding insurers.( duane castles)
Duane Castles: PIAA Marketing Workshop!
Lead and influence the direction of the industry�CICA members are seeking new ways to utilize captives to increase flexibility in program design, stabilize long-term program costs and increase access to domestic and off-shore reinsurance capability. Membership gives you a voice on the industry�s emerging issues and a forum to effect change and progress.
Risk Retention Group: Is an entity created under the federal Liability Risk Retention Act, and licensed in any one state to write liability insurance; is regulated as a captive insurance company; and may operate nationwide, provided it properly registers with each state in which it proposes to solicit or write insurance.
Duane Castles - Benefits of Membership
DUANE CASTLES , vice president of Medical Liability Mutual Insurance Company. Amsler was re-elected to serve on the Board as a director. "We would like to thank Ed for his contributions over the past several years. The PIAA has benefited greatly under his guidance. We are pleased that he will continue to serve the Association as a member of the board," said Smarr.
Vermont, the largest onshore captive domicile - Vermont is the largest onshore captive domicile, second in the world in terms of assets and the third largest in number of licenses. More than 750 companies (as of December 2005) have been licensed in Vermont since 1981.
Duane Castles - Physician Insurers Association of America (PIAA)
Duane Castles - CICA: These innovative enterprises, dubbed "bedpan mutuals" by their commercial competitors, melded the skills and knowledge of physicians and insurance professionals into a new approach to addressing medical malpractice problems. Today, the nation's physician and dentist-owned medical malpractice insurance companies dominate this market, providing protection to more than 60% of all physicians in private practice in the United States.
The Physician Insurers Association of America (PIAA) is a trade association of more than 50 professional liability (medical malpractice) insurance companies owned and operated by doctors and dentists. Collectively, these companies insure approximately 60 percent of America's private practice physicians, as well as dentists, hospitals, and other healthcare providers. In addition, international affiliate members provide indemnification and other services to more than 400,000 healthcare professionals around the world.
Duane Castles - CICA
Sponsorship Cancellation Policy - For non-conference sponsorships, cancellations made more than 60 days before the event will be refunded without penalty. If cancellation is received less than 60 days from the day of the event, VCIA maintains a cancellation penalty of 50% of the sponsorship fee. Cancellation requests must be received in writing either by mail, email or fax.
Marketing Policies - Past sponsors and exhibitors are given the first option of refusal. All remaining sponsorships, ads and exhibits are available on a first come, first served basis. All ads and promotional materials are subject to approval by VCIA, and VCIA assumes no liability for content of any ads or promotional materials.( Duane Castles - Physician Insurers Association of America (PIAA))
duane castles - Chairman
Many of the new doctor-owned companies offered savings by relying on built-in mechanisms within their medical societies to sell their products, as well as using brokers.
Vermont, the largest onshore captive domicile - Vermont is the largest onshore captive domicile, second in the world in terms of assets and the third largest in number of licenses. More than 750 companies (as of December 2005) have been licensed in Vermont since 1981.
duane castles - CICA Honors 2008
duane castles - CICA Honors 2008: Ad Cancellation Policy - Ad cancellations made more than 60 days prior to the publication?s artwork deadline will be refunded without penalty. If cancellation is received less than 60 days prior to the publication's artwork deadline, VCIA maintains a cancellation penalty of 50% of the ad fees. Cancellation requests must be received in writing either by mail, email or fax.
Specific captive benefits include unbundled service support; improved cash flow and investment return; reduced overall cost of coverage; access to the reinsurance market; underwriting profit; ability to provide coverage that is unavailable or unaffordable in the traditional marketplace; and coordination of global exposure.
Duane Castles - Physician Insurers Association of America (PIAA)
Conference Sponsorship Cancellation Policy - Conference sponsorship cancellations made more than 90 days prior to the conference will be refunded without penalty. If the cancellation is received less than 90 days from the first day of the conference, no refunds will be issued. Cancellation requests must be received in writing either by mail, email or fax.
The tricky part comes in the vagueness of the new legislation. The provision requires "applicable plans" (defined as liability insurance, self-insurance, no fault insurance and workers compensation laws or plans) to report to the U.S. Secretary of Health and Human Services the identity of any claimant who is entitled to Medicare benefits. [Similar requirements are also being placed on health insurers under a separate provision within the bill.] The exact reporting requirements, however, including the timing of such reports, are to be determined by the Secretary at a later date through the federal rulemaking process. Failure to report the appropriate information could result in fines of up to $1,000 per day per unreported claimant. Fortunately, the requirements will not become effective before July 1, 2009, and therefore insurers are in no immediate danger of facing reporting penalties.
duane castles piaa
Federal Advocacy
Conference Sponsorship Cancellation Policy - Conference sponsorship cancellations made more than 90 days prior to the conference will be refunded without penalty. If the cancellation is received less than 90 days from the first day of the conference, no refunds will be issued. Cancellation requests must be received in writing either by mail, email or fax.( Duane Castles - Benefits of Membership)
Duane Castles - Chief Executive Officer
Duane Castles - Physician Insurers Association of America (PIAA): PIAA Forward - In 1977, the newly established doctor-owned companies formed the PIAA to provide a medium for information exchange and problem solving. The first PIAA meeting of member companies included about 50 people. Today, attendance at the PIAA annual meeting exceeds 1,000.
The Physician Insurers Association of America (PIAA) has released the following statement in response to the November 13, 2007 ruling by Cook County, Illinois Circuit Court Judge Diane Joan Larsen in a case involving a hospital malpractice claim, Lebron v. Gottlieb Memorial Hospital, et al. The ruling struck down the 2005 Illinois medical liability law which set a cap on non-economic damages of $500,000 per physician and $1 million per hospital. The matter will now move to the Illinois Supreme Court for a final ruling on the constitutionality of the cap. For more information, please contact Eric R. Anderson, director of public relations and marketing, at eanderson@piaa.us or (301) 947-9000, ext. 212, or Megan Reiter, media relations manager, at mreiter@piaa.us or (301) 947-9000, ext. 218.
Duane Castles - Chairman and Executive Officer
Service Provider Member�$2,000 - Individual whose primary business is acting as a service provider to captive insurance companies or risk retention groups. Service provider members do not have voting privileges.
Encouraging effective alternative dispute resolution mechanisms
duane castles
Duane founded Prime Advisors, Inc� in 1988. He has overall responsibility for implementing investment policies for clients and supervising investment operations. Duane has been actively involved with both individual and institutional clients since 1983. Prior to founding Prime, Duane was at Seattle-Northwest Securities. He also managed the Municipal Bond Department at U.S. Bank in Portland, Oregon where he had overall responsibility for trading and underwriting. During his tenure, the bank�s bond trading earnings were consistently at record levels. Along with Vince Rowland, Duane developed the theory of Dynamic Cash Flow Risk Reward AnalysisSM, and the return on surplus portfolio analysis methodology for insurance company portfolios. Duane graduated from Washington State University with a BA in Business Administration (Finance and Economics), and was both an MSRB (Municipal Securities) Registered Representative and an MSRB Principal.
These innovative enterprises, dubbed "bedpan mutuals" by their commercial competitors, melded the skills and knowledge of physicians and insurance professionals into a new approach to addressing medical malpractice problems. Today, the nation's physician and dentist-owned medical malpractice insurance companies dominate this market, providing protection to more than 60% of all physicians in private practice in the United States.
: Risk Management & Research - Since 1985, the PIAA has maintained the PIAA Data Sharing Project, which is now the world's largest medical malpractice research database. Storing detailed data on over 225,000 medical and dental claims and suits, the database provides a rich resource for the investigation of the underlying causes and issues pertaining to malpractice claims. Standard reports produced from the database and specially-designed analyses are provided to PIAA members to augment their own risk management efforts. Special research studies are also conducted when specific areas of concern are identified. The PIAA also works with other associations and medical specialty groups in joint research projects aimed at improving the delivery of healthcare and reducing practitioner liability. PIAA data are also used in support of our tort reform and other legislative efforts, and provides the only readily available and reliable source of complete information regarding medical malpractice claims.
Federal Advocacy( Duane Castles - Chief Executive Officer)
Duane Castles - Physician Insurers Association of America (PIAA)
Duane founded Prime Advisors, Inc� in 1988. He has overall responsibility for implementing investment policies for clients and supervising investment operations. Duane has been actively involved with both individual and institutional clients since 1983. Prior to founding Prime, Duane was at Seattle-Northwest Securities. He also managed the Municipal Bond Department at U.S. Bank in Portland, Oregon where he had overall responsibility for trading and underwriting. During his tenure, the bank�s bond trading earnings were consistently at record levels. Along with Vince Rowland, Duane developed the theory of Dynamic Cash Flow Risk Reward AnalysisSM, and the return on surplus portfolio analysis methodology for insurance company portfolios. Duane graduated from Washington State University with a BA in Business Administration (Finance and Economics), and was both an MSRB (Municipal Securities) Registered Representative and an MSRB Principal.
Promote innovative ideas and garner industry recognition�CICA members appreciate your expertise. As a member, you have opportunities to speak, publish articles in CICA e-newsletters and online, publish papers and offer your viewpoint to the industry. What�s more, service provider and domicile members have opportunities for discounted advertising, exhibit space and sponsorships.
duane castles - CICA Honors 2008
Present: Playing a Vital Role in the Industry - CICA's expanding membership is a tribute to its growing number of educational offerings and its efforts to keep top professionals informed of the latest developments or challenges in the industry. The CICA International Conference and the CICA Fall Seminar have emerged as two premier education and networking events, in part because of their unique, domicile-neutral perspective.
Marketing Opportunities - Get your company's name out in front of a select audience with VCIA's many marketing opportunities. Whether you choose advertising, exhibiting, or sponsoring an event, your company will receive great exposure in a high quality environment.
Duane Castles - Executive Officer
Duane Castles - Physician Insurers Association of America (PIAA): As a leader in the industry, CICA has also taken on the responsibility of recognizing other leaders and visionaries. The CICA Distinguished Service Award, the industry's highest honor, was created in 2006 to recognize individuals or organizations who have made significant contributions to advancing the captive insurance industry. And in 2007, the CICA Outstanding Captive Award was awarded for the first time, recognizing creative uses of a captive or risk retention group.
The release of the new logo denotes the initial phase of a comprehensive branding campaign�a complete new visual identity�for the PIAA. A long-term plan will guide the gradual transition of the identity into all of the Association�s print and electronic communications, including a complete redesign of its website�expected to be available to the public sometime this year.
duane castles piaa
Additional Member�$300 - Individual is employed at a company that has another individual as a captive/risk retention or service provider member. Additional members do not have voting privileges.
PIAA Analysis - The new provision has the potential to be onerous for medical liability insurers, and could complicate claims involving Medicare beneficiaries. Because the legislation was rushed to a vote so quickly, however, it is not clear if Members of Congress fully understood the possible effect of the reporting requirement, and may have instead only focused on its potential cost-savings for Medicare.( Duane Castles: PIAA Marketing Workshop!)
Duane Castles - Chief Executive Officer
NRRA submitted this testimony to clarify the issues surrounding the registration of the J.M. Woodworth Risk Retention Group, Inc. ("J.M. Woodworth") with the New York State Insurance Department reflecting its intention to offer liability insurance in New York State. Risk retention groups ("RRGs") are governed by a federal statute, the Liability Risk Retention Act, 15 U.S.C. � 3901, et seq.
To become an Affiliate Member of the PIAA, please complete and return the application form. Please note that first year membership dues will be prorated by number of full months left in the calendar year
Duane Castles - Benefits of Membership
Duane Castles - Executive Officer: Captive/Risk Retention Member�$700 - Primary job duties are owning, administering or managing a captive insurance company or risk retention group.
Branch Captive: Is a unit of an existing offshore (alien) captive, currently licensed in Vermont to write employee benefit business for its owners and affiliates onshore. The branch is regulated as a pure captive, is taxed only on the branch writings and is required to use an onshore trust for the protection of US policyholders and ceding insurers.
Captive/Risk Retention Member�$700 - Primary job duties are owning, administering or managing a captive insurance company or risk retention group.
Reporting Requirements - The provision in question (Sect. 111, subsect. 8 of S. 2499) is intended to help Medicare officials better determine when beneficiaries have access to funds which have been or could be used to provide benefits otherwise provided by Medicare. With this information, Medicare could subrogate claims to obtain reimbursement for benefits already paid, or could deny payment in circumstances where primary payers or third parties will be making such payments. The savings thus generated would be used to offset the expense of maintaining or increasing physician reimbursements under the program.
Duane Castles - Physician Insurers Association of America (PIAA)
Regulatory Affairs - The PIAA Regulatory Affairs Committee is charged with the responsibility of monitoring activities of the National Association of Insurance Commissioners and representing the Association before that body when issues of interest arise. As the broad-based activities of the NAIC often do not consider the effects on professional liability insurers, the PIAA plays an important role in seeing that our members' interests are not overlooked in major issues affecting the property and casualty industry in general. The PIAA also works with rating agencies, such as AM Best, to represent the unique requirements of medical malpractice insurers. A new operational committee of the Board of Directors was created in 2000 as a structured way to provide member company input into this process.
Duane founded Prime Advisors, Inc� in 1988. He has overall responsibility for implementing investment policies for clients and supervising investment operations. Duane has been actively involved with both individual and institutional clients since 1983. Prior to founding Prime, Duane was at Seattle-Northwest Securities. He also managed the Municipal Bond Department at U.S. Bank in Portland, Oregon where he had overall responsibility for trading and underwriting. During his tenure, the bank�s bond trading earnings were consistently at record levels. Along with Vince Rowland, Duane developed the theory of Dynamic Cash Flow Risk Reward AnalysisSM, and the return on surplus portfolio analysis methodology for insurance company portfolios. Duane graduated from Washington State University with a BA in Business Administration (Finance and Economics), and was both an MSRB (Municipal Securities) Registered Representative and an MSRB Principal.( duane castles piaa)
Duane Castles: PIAA Marketing Workshop!
Duane Castles - Physician Insurers Association of America (PIAA): The PIAA is a national association of physician/provider-owned and/or -operated medical liability insurance companies, which insure more than 60 percent of America�s private practicing physicians as well as dentists, hospitals, and other healthcare practitioners.
Present: Playing a Vital Role in the Industry - CICA's expanding membership is a tribute to its growing number of educational offerings and its efforts to keep top professionals informed of the latest developments or challenges in the industry. The CICA International Conference and the CICA Fall Seminar have emerged as two premier education and networking events, in part because of their unique, domicile-neutral perspective.
Duane Castles - CICA
Why Form a Captive? One of the chief functions of a captive is to facilitate the efficient financing of risk within an organization. In addition, captives form part of the overall financial planning structure for a corporation; act as a shield against upswings and downturns in the commercial market; serve as a direct insurance company that issues policies to subsidiaries in a group or, can serve as a reinsurance company that assumes risks behind commercial insurers.
Additional Member�$300 - Individual is employed at a company that has another individual as a captive/risk retention or service provider member. Additional members do not have voting privileges.
duane castles
PIAA Analysis - The new provision has the potential to be onerous for medical liability insurers, and could complicate claims involving Medicare beneficiaries. Because the legislation was rushed to a vote so quickly, however, it is not clear if Members of Congress fully understood the possible effect of the reporting requirement, and may have instead only focused on its potential cost-savings for Medicare.
http://duanecastlespiaa.weebly.com/
http://duanecastles.blogs.ie/2008/03/
http://www.naymz.com/search/duane/castles/1608854
http://www.squidoo.com/duane-castles
http://duanecastles.blog.co.uk/
http://360.yahoo.com/duanecastles
http://journals.aol.com/duanecastles1/duane-castles/archive/2008/03
http://technorati.com/people/technorati/duanecastles
http://duane_castles78.outblogger.com/note/12561/news-about-duane-castles.html
http://www.primeadvisors.com/people.aspx
Duane Castles - Physician Insurers Association of America (PIAA)
duane castles - CICA Honors 2008
Duane Castles - Executive Officer
duane castles piaa
Duane Castles - Chief Executive Officer
Duane Castles - Benefits of Membership
Duane Castles - Physician Insurers Association of America (PIAA)
Duane Castles: PIAA Marketing Workshop!
Duane Castles - CICA
duane castles
Duane Castles - Chairman and Executive Officer
duane castles - Chairman
Duane Castles - Chairman and Chief Executive Officer