Stay informed about the trends in the P&C and benefits industries.
With ample capacity in nursing home and long-term care liability insurance, competition remains strong among carriers. However, the convergence of three separate events are threatening to create a perfect storm in the marketplace.
In the next 15 years, the population of seniors will nearly double, with more than 20% of the population being 65 or older. With loss rates per occupied bed, claim frequency, and claim severity on the rise, this changing landscape will have a huge impact on senior care facilities.