Broker Aon released their 2012 Long Term Care claims study. The study suggests that frequency has been flat but severity of claims has come up.
Calculated Risk Advisors suggests taking the study at face value – it includes 37 (likely large chains) of senior care facilities. Large chains have taken the brunt of large claims during the time period, the study size is also limited over a short period of time.
Contact CRA today to discuss the state of the Long Term Care liability market.