The senior housing business, which was one of the hardest-hit commercial property sectors early in the pandemic, is now getting hammered by rising labor costs as it takes a lead role in mandating vaccines for employees. Within weeks, nursing homes that don’t require workers to be vaccinated against Covid-19 won’t be able to participate in… Continue reading Senior Housing Industry Faces Higher Costs as It Plays Lead Role in Vaccine Mandates
Tag: assisted living insurance
Notting Hill Risk Retention Group Launches Long-Term Care Facilities Program
Notting Hill Risk Retention Group, LLC, an innovative RRG providing insurance for the long-term care industry, today announced the launch of a Healthcare Facilities Program designed specifically to provide accessible and affordable coverage in a volatile market. With reinsurance by Lloyd’s of London and an “A” rating by Demotech, this program is underwritten and distributed… Continue reading Notting Hill Risk Retention Group Launches Long-Term Care Facilities Program
Tangram Insurance Services Acquires Personal Care and Assisted Living Insurance Center
Tangram Insurance Services, Inc. (“Tangram”), one of the largest independent managing general underwriters and program managers in the United States, acquired Hanover, Pennsylvania-based Personal Care and Assisted Living Insurance Center (“PCALIC”) effective April 1, 2021. Founded in 2003, PCALIC is a market-leading program manager for adult residential care facilities, providing professional and general liability, property,… Continue reading Tangram Insurance Services Acquires Personal Care and Assisted Living Insurance Center
COVID-19 Pushes Insurers to Curb Appetite Even Further in Senior Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said. Residential care communities like nursing homes and assisted-living facilities had already faced escalating prices and a dearth of insurance providers for years.… Continue reading COVID-19 Pushes Insurers to Curb Appetite Even Further in Senior Market
Coronavirus Deaths in U.S. Nursing, Long-Term-Care Facilities Top 50,000
The U.S. death toll from Covid-19 in nursing homes and other long-term-care facilities has topped 50,000, marking a grim milestone in a pandemic that is taking a heavy toll on the oldest and most vulnerable people, state data show. A Wall Street Journal tally of counts from around the U.S. also shows more than 250,000… Continue reading Coronavirus Deaths in U.S. Nursing, Long-Term-Care Facilities Top 50,000
U.S. Issues First Coronavirus Workplace Guidance to Nursing Homes
The U.S. Department of Labor issued its first workplace guidance to nursing homes on Thursday since the COVID-19 pandemic swept the country and ravaged care facilities, saying residents, staff and visitors should keep 6 feet (1.83 meters) apart. The alert from the Occupational Safety and Health Administration (OSHA) also said nursing homes should screen residents… Continue reading U.S. Issues First Coronavirus Workplace Guidance to Nursing Homes