Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in the theater and died about six weeks later. Now Smith’s estate is suing Sunrise, saying that aides did not properly watch… Continue reading Big Claims Strain Senior Living Market for U.S. Insurers
Tag: long term care insurance
In GE Probe, Ex-Staffers Say Insurance Risks Were Ignored
Federal investigators are questioning former employees of General Electric Co. about intricate details in a legacy insurance business that led to accounting problems at the conglomerate in the past year. The insurance business failed to internally acknowledge worsening results over the years, according to several former GE employees who said they have been interviewed by… Continue reading In GE Probe, Ex-Staffers Say Insurance Risks Were Ignored
Aon Report: Liability Claim Costs Estimated to Increase in 2019 for Long Term Care Providers
General and professional liability claims costs for long term care providers are projected to increase by six percent in 2019, according to the findings of an analysis released today by Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions. The sixteenth published edition of the Aon 2018… Continue reading Aon Report: Liability Claim Costs Estimated to Increase in 2019 for Long Term Care Providers