The Covid-19 pandemic likely had a significant impact on long-term care insurance (LTCI), though most of the effects won’t be known for a while yet. The pandemic appeared to increase interest in and purchases of LTCI. It’s too early for the data to be available, but anecdotal reports from insurers and agents indicates that the… Continue reading How the Pandemic Is Changing Long-Term Care Insurance
Tag: long term care 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
Connecticut’s Covid-19 Plan Didn’t Account for Long-Term Care Facilities, Report Finds
Connecticut health officials failed to develop a plan to protect nursing homes in the early days of the Covid-19 pandemic and were also hampered by an outdated outbreak-monitoring system, according to an independent, state-funded report. The Connecticut Department of Public Health produced an emergency-response plan focused exclusively on hospitals that didn’t meaningfully address long-term-care facilities,… Continue reading Connecticut’s Covid-19 Plan Didn’t Account for Long-Term Care Facilities, Report Finds
Fitch Ratings: Many Insurers Under-Reserved Against LTC Losses
Many insurers remain under-reserved against the losses associated with long-term care (LTC) insurance, according to new analysis by Fitch Ratings. “Exposure to the long-term care market remains a plague,” says Anthony Beato, Director of Insurance at Fitch Ratings. “It continues to be a risky product despite the adoption of more conservative reserving philosophies that more… Continue reading Fitch Ratings: Many Insurers Under-Reserved Against LTC Losses
CNA and Total Brain Collaborate on Role Mental Health Support Plays in Long-Term Care
Total Brain is collaborating with CNA, one of the largest U.S. commercial property and casualty insurance companies, in an effort to understand the impact improved mental health and fitness can have on the quality of life of long-term care policyholders. For years, science has pointed to a link between mental and physical health. The goal… Continue reading CNA and Total Brain Collaborate on Role Mental Health Support Plays in Long-Term Care
CNA Partners with Insurtech Company The Helper Bees
The Helper Bees (THB), an innovative insurtech company is partnering with long-term care insurer CNA, one of the largest U.S. commercial property and casualty insurance companies, to provide CNA group long-term care policyholders with more ways to receive care in their home and improve the ease of claim submission. With this partnership, CNA claimants using… Continue reading CNA Partners with Insurtech Company The Helper Bees
Nationwide’s CareMatters® II Makes Long-Term Care Coverage More Accessible
Many of us may need long-term care (LTC) at some point during our lives and hope to remain where we’re most comfortable should we ever need care. To help, Nationwide launched Nationwide CareMatters® II today – a new linked benefit product that offers more accessibility, expanded features and more opportunities for advisors to help their… Continue reading Nationwide’s CareMatters® II Makes Long-Term Care Coverage More Accessible
NAIC Prioritizes Long-Term Care Insurance
The membership of the National Association of Insurance Commissioners (NAIC) voted unanimously to create a task force focused on long-term care insurance market stability. The group will report to the NAIC Executive (EX) Committee. The vote took place during a joint meeting of the Executive Committee and Plenary on Tuesday during the Spring 2019 National… Continue reading NAIC Prioritizes Long-Term Care Insurance
CNA Looks to Improve Long-Term Care Coverage with In-home Sensors
CNA, U.S commercial insurance company, has partnered with GreatCall to bring predictive technology and services to its long-term care policyholders. GreatCall, which is owned by Best Buy, provide products for active aging with innovative technology which include easy-to-use mobile devices, passive home monitoring, and other safe and wellness applications to service senior demographics. In the… Continue reading CNA Looks to Improve Long-Term Care Coverage with In-home Sensors