Aon | Financial Services Group
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The Financial Services Group at Aon’s Alexis Elman, Vice President, and Emily Snyder, Senior Vice President, co-presented with Martha Jacobs, Aon’s National Healthcare Practice Leader at the PLUS Healthcare and MedPL Symposium on the intersection of directors and officers liability, managed care errors and omissions, general liability, and medical professional liability exposures.
The discussion focused on allegations that could impact multiple policies, such as unnecessary medical care, failure to supervise, care management, non-employment harassment and discrimination, violations of civil rights, fraudulent billing practices, and antitrust. Claim scenarios provided insight into potential gaps in coverage due to the ways the policies treat provisions such as other insurance, stacking of limits, defense and consent to settle, retentions, and exclusions meant to push claims to other policies. The audience of brokers and underwriters were receptive to Aon’s message that insurance contracts perform as intended when the policies are robust.
Aon continues to innovate to address emerging risks not adequately covered by current insurance solutions. For example, regulatory enforcement actions continue to create a significant liability for healthcare organizations, but many traditional insurance policies do not offer a robust risk transfer solution for such actions. In response Aon launched Cosantoir, a standalone product tailored to respond to the nuances of enforcement actions arising from alleged Stark, False Claims Act and Anti-Kickback Statute violations, providing coverage for defense costs and settlements.
Aon looks forward to discussing these issues and other complexities of commercial risk in healthcare with clients and industry leaders at the upcoming Midwest Region Healthcare Symposium in Chicago, IL on July 22 & 23, 2024. Healthcare organizations can register for the event here.
About Aon
Aon exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
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