About OHA Insurance Solutions

OHA Insurance Solutions, Inc. (OHAIS) was created by the Ohio Hospital Association (OHA) in 2003 to help bring long-term availability, predictability and stability to the Ohio medical professional liability marketplace for hospitals and physicians. OHAIS, a hospital-owned company, strives to ensure all Ohioans have access to health care by enabling Ohio’s physicians and hospitals access to medical malpractice insurance.

Ohio hospitals and physicians in all specialties and in general practice are eligible to apply for medical liability coverage through OHAIS.

The company was capitalized through an investment from OHA, with remaining investments coming from qualified investors, mainly Ohio hospitals.

BENEFITS of OHAIS
Strong Capital Base
As a new company, OHAIS is not rated by A.M. Best but it has a strong capital base and a conservative capitalization method.  As of January 2006, OHA Holdings, Inc., the parent of OHAIS, has over $23 million in capital, attained by contributions from OHA and 52 OHA member hospitals, both small and large.  As a new company, there is no past experience to erode the capital base.

Experienced Team of Associates
Each member of OHAIS’ management team has over 30 years of experience in the medical professional liability insurance industry. The underwriting staff averages over 20 years in the insurance industry with over 15 years specializing in the medical professional liability segment.

Experienced Board-Level Support
The Board of Directors of OHAIS includes senior executives from OHA member hospitals experienced in medical professional liability programs; leadership of the Ohio State Medical Association (OSMA); the CFO of a leading regional insurance group and senior executives from OHA. Physicians are also represented. The Board of Directors of OHA Holdings, Inc., the parent of OHAIS, is comprised of CEOs and other senior executives from OHA member hospitals.

Risk Management
OHAIS has an aggressive position with respect to risk management initiatives. In addition to standard programs, OHAIS will be utilizing resources of OHA and the Ohio Patient Safety Institute (a partnership of OHA and OSMA) to develop innovative programs to help our insureds reduce medical errors and improve patient safety and patient communication.

Commitment to Service
OHAIS, as a new company, has the ability and the commitment to be responsive and flexible in its service to its insureds.

Credibility Within Insurance Industry
OHAIS, because of its experienced associates and the strength of OHA, has a high level of credibility with OHA member hospitals, reinsurers, defense attorneys and the insurance industry in general. This credibility has proven to be a significant asset in the establishment of the company’s policies and procedures and its reinsurance program.

Competitive Programs and Premiums
OHAIS’ insurance premiums and coverages are competitive with other insurers providing these coverages in Ohio. OHAIS is locally owned by Ohio healthcare providers and has the advantage of being 100 percent committed to the Ohio marketplace for a long-term view that is not motivated by profit.

OHA Track Record
The Ohio Hospital Association has a history of involvement in the Ohio medical professional liability marketplace. In 1978, it created the Ohio Hospital Insurance Company (OHIC). OHIC was sold in 1997 to New York based HUM, later acquired by MLMIC. The sale of OHIC was a business decision — it provided OHA with the $10 million they invested in OHAIS and it generated a significant investment return to those Ohio hospitals that held OHIC stock.

© 2003-2010 OHA Insurance Solutions. Last updated March 09, 2010.
Please direct comments, corrections or additions to: ohais@ohanet.org 614.255.4840.