News/Press Release

KLN Specialty Insurance LLC Launches Novel Approach to Medical Malpractice Insurance Brokerage

Monday, March 01, 2004: In January 2004 KLN Specialty Insurance LLC was established by a visionary team of hospital and managed care executives, medical malpractice defense attorneys, professional liability insurance executives, underwriting and risk management experts. The goal of the company is straight forward…too revolutionize the medical professional liability brokerage business.

“We saw the healthcare financing and delivery markets becoming much more complex and the malpractice crisis emerging. We concluded that success in the medical professional liability business in the future will require brokerage services that provide clients with more than just a variety of insurance quotes each year. Physician groups and hospital executives want help in identifying their greatest exposures and solving these problems. Our team at KLN believes that the integration of medical/legal, operations, risk management and traditional insurance brokerage expertise will provide our clients with the value added services they require to address the challenges of the malpractice crisis.” stated Kevin Kelly, President of KLN Specialty Insurance LLC.

Traditionally, insurance brokers gather the underwriting information from a client and submit that information to a variety of insurance companies in search of the most favorable rate for the specified coverage. The insured essentially is captive to the rates offered by the carrier, which to a great degree are based on the insured’s loss experience. The typical broker has very little industry specific knowledge about the exposures that drive the losses, the operational environment of the client, the legal aspects of the exposures or the specialty specific risk management trends and interventions that may be useful in thwarting future losses. Malpractice insurance carriers typically provide an annual audit and a report citing specific exposures. The insured rarely utilizes the finding of the carrier to stratify risks, design risk management interventions to mitigate those risks and implement and monitor compliance with the programs. The expertise to perform such a complicated program implementation typically does not reside in the provider group or institution.

KLN Specialty Insurance provides medical malpractice insurance and risk management products to physician groups, hospitals and long term care facilities. Unique to KLN is the company’s ability to integrate risk management solutions into the insurance brokerage process. KLN provides its clients with a suite of services including risk assessment and stratification; development and implementation of specific risk management programs designed to reduce losses and ongoing education and monitoring to help the insured make sure that they continue to deploy a disciplined risk management program and traditional brokerage services.







“KLN is responding to physician groups and hospitals that proactively responding to this crisis by seeking systematic ways to reduce their malpractice exposures. These providers are demanding a new level of service from the brokerage industry. A level of service that not only can deliver the most cost competitive insurance quote but one that can help the client establish a long term relationship with an insurance carrier based upon a disciplined comprehensive risk management program.” States Bob Sargent, KLN Partner

KLN Specialty Insurance LLC is a Connecticut based full service brokerage company providing services and products to physicians, physician groups, hospitals , and long term care facilities.