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Alliant Insurance Services Launches Specialized Practice to Provide Risk Financing and Mitigation Services to Healthcare Providers Nationwide

Posted on: Monday, 3 March 2008, 06:00 CST

Alliant Insurance Services, Inc., one of the nation's leading specialty insurance brokerage firms, has announced the launch of Alliant Healthcare Solutions, a specialized practice providing comprehensive risk financing and risk mitigation solutions to both for-profit and not-for-profit healthcare providers.

Alliant Healthcare Solutions combines the company's extensive existing healthcare expertise and resources into an operational unit that will focus on delivering a full range of solutions for the unique insurance and risk management perils faced by healthcare institutions, facilities, systems and organizations nationwide, said Freddie Nutt, Alliant Executive Vice President and healthcare practice co-leader.

"The creation of Alliant Healthcare Solutions is about being able to provide clients with a comprehensive and cost-effective portfolio of healthcare and non-traditional risk management solutions," Nutt explained. "Our healthcare industry team does much more than simply lay out a smorgasbord of insurance products and coverages for clients to consider. We take a highly consultative approach and work closely with prospects and clients to make sure they truly understand the special risks they face, as well as the risk management services, insurance products and coverages we recommend to alleviate those risks."

Nutt said Alliant Healthcare Solutions draws upon the expertise of one of the largest and most experienced teams of healthcare insurance professionals in the industry.

"While the healthcare industry has been a specialty of Alliant for many years, the formation of Alliant Healthcare Solutions provides our company with a formal and well-defined identity that will enable us to more effectively market our services to the specialized healthcare provider market," Nutt commented.

A key differentiator for Alliant Healthcare Solutions, he pointed out, is a focus on uncovering new and emerging risks--such as cyber liability--where many organizations are not fully aware of the issues involved or how their current policies might respond to those risks. In addition, the group offers specialized expertise in risk financing options and risk management solutions for these non-traditional risks, as well as traditional risks.

Utilizing proprietary risk analysis processes and planning tools, the Alliant team undertakes a thorough research and discovery process with every prospect and client so it can provide customized solutions that ties identified risks to specific corporate and organizational goals--a critical objective that is overlooked by most insurance providers, Nutt said.

According to Janet Hale, Alliant Executive Vice President and healthcare practice co-leader, "Our team delivers state-of-the-art submissions that include highly focused objectives and analysis, rather than merely presenting a compilation of data. This enables prospects and clients to make more informed decisions on the insurance products and risk management services that best suit their needs."

Another key client benefit offered by Alliant Healthcare Solutions, Hale noted, is on-going senior-level involvement and accountability that is unmatched in the industry. "The Alliant executives who participate in the information-gathering and planning stages of an account remain involved throughout the client service and marketing process," she said. "Clients are secure in the knowledge that our most experienced and knowledgeable executives are intimately involved in the management of their accounts."

Hale said clients also benefit from Alliant's large, high-quality client base, which provides the healthcare team with powerful market leverage to negotiate the best possible terms on the client's behalf.

In addition to a full range of insurance brokerage services, Alliant Healthcare Solutions offers specialized insurance programs and products, such as its exclusive Hospital All-Risk Property Program (HARPP). The largest hospital joint purchase group in the U.S. with more than 100 hospital members in 34 states, the unique HARPP program provides comprehensive property coverage up to $1 billion per occurrence.

About Alliant Insurance Services

Headquartered in Newport Beach, Calif., Alliant Insurance Services, Inc. is one of the largest insurance brokerage firms in the United States and has a history dating back to 1925. Alliant Insurance provides property and casualty, workers' compensation, employee benefits, surety, and financial products and services to more than 20,000 specialized clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company's web site at: www.alliantinsurance.com.

Source: Business Wire

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