Bariatric Surgeons Insurance Company Provides Rate Stability for Insureds.

PHILADELPHIA -- Novus Insurance Company, Risk Retention Group was established in July, 2005 to provide professional liability coverage nationwide as many bariatric surgeons across the country had difficulty obtaining malpractice insurance. Novus has since been providing rate stability to its member-owners. Novus is an endorsed program of the American Society for Metabolic and Bariatric Surgery, formerly know as the American Society for Bariatric Surgery.

The reinsurer for Novus maintains financial strength ratings from A.M. Best Company of A+ (superior), Standard & Poors of AA- (very strong), Moody Investors Service of Aa3 (excellent).

Novus understands the risks associated with bariatric surgery as it was built with the assistance of Bariatric Surgeons for Bariatric Surgeons. Novus affords its members at no charge, a customized Risk Management and Loss Control program with the tools insureds need to minimize their risk. The law firm of Stevens & Lee (www.stevenslee.com) with experienced lawyers & risk management professionals provides the Loss Control services for Novus.

Novus writes coverage nationwide on a claims-made and occurrence basis, with no deductibles. Novus utilizes local defense attorneys experienced in medical malpractice and educated in the specialty of bariatric surgery.

USI, the 9th largest insurance broker according to Business Insurance (www.usi.biz) is the administrator for the program.

For more information please visit www.novusrrg.com or contact Don Roberts, USI [phone], [e-mail] or Cynthia Del Priore, [phone] [e-mail].