“Big claims strain senior living market for U.S. insurers,” by Suzanne Barlyn, Reuters
“As the U.S. society ages, senior living communities are on the rise. So are claims and lawsuits against them. And when they lose, it is usually down to insurers to pay up. … Some senior living facilities could see insurance rate hikes in 2019 as high as 30 percent, according to insurance broker Willis Towers Watson. (WLTW.O) Fewer insurers are offering coverage today than they were five years ago and some Lloyd’s of London members stopped writing the coverage during the past year, said John Atkinson, managing partner at Willis.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The other “long-term care insurance” problem.