Assembly approves tail insurance policies for medical center
January 17, 2019
The borough assembly held a short special meeting last Friday night, Jan. 11. The purpose of the meeting was to approve of two tail insurance policies for the Wrangell Medical Center.
Borough Manager Lisa Von Bargen explained that tail insurance is designed to cover something that happened in the past, but had consequences that only become apparent in the future.
“So rather than insuring operations that ‘are’, you’re insuring things that occurred in the past,” she said. “So if someone should file a claim against operations, or a decision, or a procedure or something that was do...