Aon has committed to the United Nations' Principles for Sustainable Insurance, becoming the first insurance broker to join the initiative focused on risks and opportunities related to environmental, social and governance issues in core business activities. Aon "and the wider insurance industry must be prepared to address critical economic, social and environmental challenges," said co-President Eric Andersen, who added that "de-risking cities and countries has never been more important."
Lawmakers in Spokane, Wash., have adopted a measure that allows the public works department to operate a drone. It will monitor anything from water main breaks to construction projects and could improve safety and project speed.
Detroit transportation officials have spent four years on a project that will use smart stoplights along a downtown street connected to a central database to improve safety and traffic flow. The new lights will be able to prioritize emergency response vehicles and buses and adjust light times for pedestrians, cyclists and inclement weather.
The repeal of the Affordable Care Act's individual mandate penalty and the proposed expansion of short-term health plans and association health plans will lead to higher premiums for the 2019 plan year, according to a report from the American Academy of Actuaries. "The individual market, which had shown signs of stabilizing, now faces a potential deterioration of the risk pool due to policy changes that reduce incentives for healthy individuals to enroll," says senior health fellow Cori Uccello.
Twenty-one health systems in Minnesota are participating in accountable care organizations under Medicaid, rewarding health care providers who can reduce spending while keeping their patients healthy, and the state is among a dozen testing the model as they seek ways to restrain Medicaid costs. Challenges, as well as success stories, under the programs often center on social determinants of health, such as housing insecurity and poor nutrition.
The US Education Department has opened a Title IX investigation of the University of Southern California after sexual harassment allegations were made against an on-campus doctor. University officials say they will fully cooperate with the probe of George Tyndall, who has been the college's staff gynecologist for nearly 30 years.
The US Department of Justice has filed a statement of interest with a federal court criticizing the University of Michigan's free speech code, arguing that campuses are squelching some opinions. The filing is part of a lawsuit brought by a group called Speech First, which is challenging the policy.
If you evaluate yourself based on your title or profession, try thinking instead about what you do for others and what that means to you, writes Naphtali Hoff. "[W]hen a person chooses to identify first by who they are as people and what motivates them in the service of others, they can more easily and confidently move forward," he writes.
Aon is pleased to announce that it has signed up to the United Nations' Principles for Sustainable Insurance (PSI). The first business operating in the insurance broking community to adopt the Principles, Aon is proud of its commitment to supporting the UN's goal of leveraging the insurance industry's role across risk management, insurance and investment to help build resilient, inclusive and sustainable communities and economies. Learn more.
Around the world, life expectancy rates have been steadily increasing for decades. As people are living longer, both governments and the private sector are challenged with health care spending and managing pension liabilities. There's already a massive "retirement gap" -- the difference between pension fund obligations and the assets available to fulfill them -- of some $1 trillion. Understanding longevity expectations from year to year has never been more important for the C-suite, as these forecasts enable organizations to work out the full extent of their liabilities -- and how to pay for them. Read more.
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About Aon Public Sector
We are a global team of risk management professionals serving our governmental, quasi-governmental, civil, social and educational clients. We use cutting-edge, creative and forward-thinking techniques to respond to risk related needs and to address the unique challenges of rapidly developing social and economic conditions today, and for tomorrow.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.