Overview
What is Providers Insurance Corporation?
Providers Insurance Corporation, headquartered in Honolulu, Hawaii, functions as a captive insurance company. They specialize in providing comprehensive insurance coverage for healthcare professionals and institutions. This includes healthcare professional liability, general liability, and institutional review board coverage, among others. Their offerings encompass blanket special events, employee benefit administration, punitive damages, and exemplary or multiplied damages, as well as sexual misconduct and medical expenses. By partnering directly with Hawai'i Pacific Health and its affiliates, they ensure the delivery of occurrence-based general liability coverage and claims-made healthcare professional liability protection.
Official website here: www.hawaiipacifichealth.org
Is Providers Insurance Corporation legitimate?
Providers Insurance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providers Insurance Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hawaiipacifichealth.org
What is the mission statement of Providers Insurance Corporation?
Providers Insurance Corporation functions as a captive insurance company, offering general liability coverage and healthcare professional liability on a claims-made basis to Hawaii Pacific Health and its affiliates. The scope of their coverage includes healthcare professional liability for various situations, such as Blanket Special Events, Druggest Professional Liability, Managed Care Liability, Institutional Review Board Coverage, and Punitive Damages. Additionally, they provide General Liability coverage for different areas, including Blanket Special Events, Employee Benefit Administration Liability, Employer's Liability Excess, Excess Automobile Liability, Health Care Benefit Administration, Institutional Review Board Coverage, and various damages like Punitive Damages and Exemplary and/or Multiplied Damages. The insurance premiums charged by Providers Insurance Corporation are based on actuarial assumptions of expected losses.
Official website here: www.hawaiipacifichealth.org
What is the revenue of Providers Insurance Corporation?
Providers Insurance Corporation's revenue in 2022 was $20,542,985.
Official website here: www.hawaiipacifichealth.org
Who are the executives of Providers Insurance Corporation and what are their salaries?
- Raymond P Vara Jr (Board Of Director)
- David Okabe (Board Of Director, Treasurer)
- Charles R Ching (Board Of Director, Chair)
- Melinda Ashton Md (Board Of Director, Vice Chair & Secretary)
- Carrie Ann Tsutsui (Assistant Treasurer)
- Deborah Boyd (Board Of Director, Vice President (Part Year))
- Gregg Timmons (Board Of Director, President)
- Jessica Lewis (Assistant Secretary)
- Karen Maciorowski (Vice President)
- Guy Okano (Former Officer)
- Michael Gibson Esq (Board Of Director)
Official website here: www.hawaiipacifichealth.org
Where can I find the form 990 for Providers Insurance Corporation?
The Providers Insurance Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.hawaiipacifichealth.org
Learn more at the official website: www.hawaiipacifichealth.org
Mission Statement of Providers Insurance Corporation
Providers Insurance Corporation, a captive insurance company, is dedicated to providing comprehensive insurance coverage to Hawai'i Pacific Health and its affiliates. In essence, it serves as an in-house insurance provider, offering both general liability occurrence-based coverage and healthcare professional liability claims-made coverage.
The scope of Providers Insurance Corporation's services encompasses various areas of insurance. For healthcare-related risks, it covers medical malpractice, special events, drug liability, managed care, Institutional Review Board (IRB) protection, as well as damages such as punitive, exemplary, and/or multiplied damages. In the realm of general liability, the corporation provides coverage for special events, employee benefit administration, employer's liability excess, automobile liability, healthcare benefit administration, IRB protection, and damages including punitive and exemplary damages. The revenues for the insurance premiums are calculated based on anticipated losses determined by actuarial assumptions.
Impact
This information is meant to be a general summary of Providers Insurance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Providers Insurance Corporation's impact lies in its provision of essential insurance coverage for healthcare professionals and institutions. By offering healthcare professional liability, general liability, and various other specialized coverages, Providers Insurance Corporation safeguards its clients against financial risks associated with their services. This enables healthcare providers to focus on delivering quality care without the burden of potential legal or financial liabilities. Additionally, as a captive insurance company, Providers Insurance Corporation plays a critical role in supporting the operations of Hawai'i Pacific Health and its affiliates, ensuring the sustainability of the healthcare services they provide to the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM REVENUE
Revenue
$20,924,249
Organization Details
Founding Year
2002
Phone
(808) 535-7213
Main Address
55 MERCHANT STREET 24TH FLOOR, HONOLULU, HI, 96813
Website
www.hawaiipacifichealth.org
NTEE Category
Code: E112 - Health
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