As the senior living industry enters a post-Covid environment, rising expenses are hitting bottom lines and raising doubts about how quickly operators can recover financially. Labor was an ongoing concern, pre-pandemic. Now, hiring employees is the top challenge, and providers are competing against other industries for entry-level and skilled talent, face higher minimum wage floors, […]
Liability claims against nurses working in senior living and skilled nursing facilities have decreased significantly over the past decade, as more seniors prefer to live in their homes longer and receive home health care services. That is one of the main takeaways by the latest nurse professional liability exposure claim report from CNA Healthcare Underwriting […]
The market for liability insurance in senior living continues to face rising costs as well as spikes in expensive claims, settlements and payouts. As insurers and insurance brokers work to identify and manage risks, they are stressing to senior living operators to provide as much data as possible and to be transparent with liability incidents, […]
