Allied World North America and Emerge Diagnostics to Provide EFA-STM Program to DBA Policyholders
December 01 2015 - 1:15PM
Business Wire
Allied World Assurance Company Holdings, AG (NYSE: AWH) today
announced that Allied World North America, through a “Best in
Class” relationship with Emerge Diagnostics, LLC (Emerge), will
make Emerge’s Electrodiagnostic Functional Assessment - Soft Tissue
Management (EFA-STM) Program available to Allied World’s Defense
Base Act policyholders.
With soft tissue injuries as a leading driver of Defense Base
Act claims and costs, Emerge’s EFA-STM Program is a bookend
solution that provides employers with a non-discriminatory approach
to determine if a work-related injury occurred within the course
and scope of employment. After performing a baseline test, Emerge
stores the unread data until a work-related injury is reported, in
which case a post-incident test will be conducted and compared to
the results of the baseline test. This comparison determines the
nature, extent and age of the soft tissue injury and whether it
relates to the reported incident. This diagnostic tool provides
improved claims handling transparency, increased accuracy during
diagnosis, enhanced patient care and rehabilitation. The EFA-STM
program is portable for use overseas, convenient for medical
personnel to administer and complies with Federal mandates.
Karen Marotta, Vice President at Allied World, commented, “We
are extremely pleased to work with Emerge to bring our insureds
this exciting technology. This will reduce lost productivity due to
injuries of soft tissue claims, while improving diagnosis and
treatment effectiveness.”
MaryRose Reaston, PhD, chief science officer and founder of
Emerge Diagnostics, also commented, “Our EFA-STM program is a
powerful tool in easing the strain and cost of soft tissue injury
claims and creating better patient care and better outcomes for
injured employees. Through this agreement, this unique and enhanced
program will enable us to further expand the use of our technology
outside of the U.S. and to new sectors of business.”
About Allied World
Allied World Assurance Company Holdings, AG, through its
subsidiaries and brand known as Allied World, is a global provider
of innovative property, casualty and specialty insurance and
reinsurance solutions. Allied World offers superior client service
through a global network of offices and branches. All of Allied
World's rated insurance and reinsurance subsidiaries are rated A by
A.M. Best Company, A by Standard & Poor's, and A2 by Moody's,
and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's
and AA- by Fitch.
Please visit the following for further information on Allied
World: Web: www.awac.com |
Facebook: www.facebook.com/alliedworld |
LinkedIn: http://www.linkedin.com/company/Allied-World.
About Emerge Diagnostics
Headquartered in Carlsbad, Emerge Diagnostics is delivering
a new way to determine the location and age of soft tissue
injuries. The Company's technology provides the most comprehensive
and actionable pre- and post-injury test to determine whether an
injury actually arose in the workplace. Emerge Diagnostics works
with employers, occupational health clinics and insurance
carriers/TPAs to create better patient outcomes and reduced costs.
Emerge is leading the way with technological development and
ongoing innovation to improve workplace injury outcomes and
return-to-work times. For more information,
visit emergedx.com.
Cautionary Statement Regarding Forward-Looking
Statements
Any forward-looking statements made in this press release
reflect our current views with respect to future events and
financial performance and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements involve risks and uncertainties, which may cause
actual results to differ materially from those set forth in these
statements. For example, our forward-looking statements could be
affected by pricing and policy term trends; increased competition;
the adequacy of our loss reserves; negative rating agency actions;
greater frequency or severity of unpredictable catastrophic events;
the impact of acts of terrorism and acts of war; the company or its
subsidiaries becoming subject to significant income taxes in the
United States or elsewhere; changes in regulations or tax laws;
changes in the availability, cost or quality of reinsurance or
retrocessional coverage; adverse general economic conditions; and
judicial, legislative, political and other governmental
developments, as well as management's response to these factors,
and other factors identified in our filings with the U.S.
Securities and Exchange Commission. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date on which they are made. We are under no
obligation (and expressly disclaim any such obligation) to update
or revise any forward-looking statement that may be made from time
to time, whether as a result of new information, future
developments or otherwise.
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Allied World Assurance Company Holdings, AGMedia:Lauren Post,
+1-646-794-0544Vice President, Global Public & Media
RelationsLauren.Post@awacservices.comorFaye Cook,
+1-441-278-5406Senior Vice President, Marketing &
CommunicationsFaye.Cook@awac.comorInvestors:Sarah Doran,
+1-646-794-0590Senior Vice President, Investor Relations and
TreasurerSarah.Doran@awac.comWebsite: www.awac.com