Arthur G. Richards, ARM
Director, Professional Liability Division
Art Richards, a native Oregonian started in the insurance industry in 1982, when he joined Sedgwick (now Marsh), a multi-national insurance brokerage as a commercial lines producer. While there, he worked in the Public Entity and Medical Professional Liability Departments handling the insurance and risk management needs of large business, cities, counties and school districts as well as placing medical professional liability insurance for many physicians and medical clinics.
After earning an Associate in Risk Management (ARM) designation, Art taught ARM Risk Management classes for the Risk and Insurance Management Society (RIMS). Art served on the Boards of the Independent Insurance Agents of Portland and Oregon, as well as serving as President of the Independent Insurance Agents of Portland. In 1992, Art joined American Benefits, Inc. where he is extensively involved in the medical professional liability insurance field, representing The Doctor’s Company and Medical Protective; two of the largest medical malpractice insurers in the U.S. as well as Capson. Art also helps many physicians and medical groups not fitting standard underwriting guidelines secure coverage in the non-standard medical malpractice marketplace.
In 2001, ABI appointed Art Director of their Professional Liability Division. In 2005, The American Society for Metabolic and Bariatric Surgery (ASMBS) appointed Art as their national medical malpractice insurance Agent of Record. Art’s first assignment from the ASMBS leadership was to find insurance coverage paying for the extra medical expenses when ‘known’ (described in the informed consent) surgical complications stemming from weight loss surgery presented. In 2005 and with the permission of ABI, Art co-founded BLIS, Inc. and co-developed BLISCare™, the first of its kind surgical complication coverage. Unlike health insurance for the patient, Bliscare pays covered medical providers directly for the extra medical expenses associated with known surgical outliers in return for an agreement not to balance bill the patient.
To date, BLIS has covered over 10,000 surgeries, paying providers for over $17.5mm in extra medical care stemming from over 500 surgical complications. BLISCare is currently available for bariatric, urology, cosmetic and orthopedic (hip/knee replacement) surgery. In 2013, Art co-developed and launched the CanAm Protection Program (CAPP), a unique medical malpractice insurance product for Canadian physicians and surgeons. CAPP protects Canadian physicians facing malpractice suits initiated in the US by non-Canadian residents arising from treatment or care provided in Canada.