ACE USA Offers Defense Base Act Workers Compensation Coverage.Business Editors PHILADELPHIA--(BUSINESS WIRE)--April 16, 2004 ACE US International, a unit of ACE USA--the U.S.-based retail operating division of The ACE Group of Companies--offers coverage for Defense Base Act (DBA) Workers Compensation exposures for prime contractors and subcontractors performing public works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. contracts overseas which have been authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: , approved or financed by the U.S. government, or its agencies. "ACE USA has far ranging DBA experience in the exposures that companies face when working on U.S. military bases abroad and other varieties of international public works projects funded by the U.S. government," states Mark Lima, Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , ACE US International. "As such, ACE USA is a leading provider of DBA coverage and is recognized as an approved carrier by the U.S. Department of Labor." "Our centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. DBA claims center has extensive experience in handling and resolving claims," comments Larry Boyk, Senior Vice President, ACE US International. "Our claims professionals have a thorough understanding and expertise in the critical DBA issues facing businesses in today's often unpredictable global markets." The ACE DBA coverage offers many benefits to those companies who opt for this coverage, including: -- Dedicated international casualty underwriters with decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from authority, located in offices throughout the U.S. -- Expert and responsive claims professionals who are knowledgeable on the complexities of DBA -- An exclusive focus on international exposures, thus providing our multi-national customers with the highest level of service For more information about ACE US International's DBA coverage, contact Larry Boyk, Senior Vice President, ACE US International at 215-640-4869; e-mail: larry.boyk@ace-ina.com. ACE USA is a U.S.-based operating division of The ACE Group of Companies, headed by ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE). ACE USA provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients around the world. |
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