Long-term care liability loss rates and claim severity are now at an eight-year high and could grow steadily into next year, according to Aon Global Risk Consulting’s “2012 Long-term care General Liability and Professional Liability Actuarial Analysis,” which was created in partnership with the American Health Care Association.
According to the analysis, the annual loss rate (liability costs relative to occupied long-term care beds) has grown to a projected $1,480 in 2012 from $1,040 in 2005. It is expected to increase to $1,540 in 2013, according to the report, which is based on 19,500 individual claims from long-term care facilities.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access