Tag: LTC insurance

AmWINS Program Underwriters Announce New Carrier for Long-Term Care Facilities Program

Nursing Home

AmWINS Program Underwriters (“APU”) today announced a new carrier partnership to provide insurance solutions for APU’s Long-Term Care Facilities program, effective January 1, 2021. “A-” (Excellent) by A.M. Best, financial size XI, the new carrier is recognized as one of the world’s leading specialty insurers providing property, casualty and specialty insurance to an international client… Continue reading AmWINS Program Underwriters Announce New Carrier for Long-Term Care Facilities Program

Fitch Ratings: Many Insurers Under-Reserved Against LTC Losses

Old people in geriatric hospice: Aged patient receives the visit of a female black doctor. They shake their hands and talk in the hospital.

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