The average cost of professional liability claims in the assisted living setting ($267,174) continues to exceed that of skilled nursing facilities ($245,559). And while fall-related allegation claims continue to account for the majority of cases against assisted living operators, the severity of pressure injury claims has risen sharply since 2018 within assisted living, according to […]
CNA
Staff injuries sustained while transferring residents* have always been a top concern for senior living providers, and the issue has become more severe and costly in recent years — with memory care facing some of the toughest challenges. With this in mind, Irvine, California-based memory care pioneer Silverado is among the first group of providers […]
When it comes to professional liability insurance in senior housing and care, claims tend to be costliest for assisted living cases. The average total paid for assisted living claims that closed between 2011 through 2015* was $221,496, according to a newly released report from Chicago-based commercial property and casualty insurance company CNA. This is more […]
A major Chicago-based long-term care insurer is being sued by an elderly group policyholder who says the company “abruptly” changed its policy and began denying her claims for assisted living care, according to Courthouse News Service. The company, CNA, provides group long-term care insurance and initially sought to hike premiums for a certain group of […]
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