At a time of market uncertainty, it is critical for aging services organizations to align with an insurance partner that has demonstrated stability under challenging market conditions. (Photo: Shutterstock) At a time of market uncertainty, it is critical for aging services organizations to align with an insurance partner that has demonstrated stability under challenging market conditions. (Photo: Shutterstock)

No area of the country is impervious to the increased frequency and severity of professional liability claims asserted against aging services facilities, or the rising costs associated with resolution. According to claim data from CNA over a six-year period, claims in some sectors of the aging services industry have doubled, and the severity has increased by 60%.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.