long term care liability News

ACE Expands Liability Coverage for Assisted Living, Long Term Care Facilities

ACE Group has introduced four new medical liability coverage endorsements, designed to provide more comprehensive protection to the expanding long term care healthcare sector. The new endorsements include: media event expense; disciplinary proceeding defense; emergency evacuation expense; and patient property …

West Virginia High Court Reduces Nursing Home’s $91M Damages

The West Virginia Supreme Court has slashed by more than half the multimillion-dollar damages a jury levied against a Charleston nursing home in connection with a former resident’s death. In a 76-page divided opinion released, the justices reduced the penalty …

Ironshore, Highland Risk Services form Partnership for Continuing Care Coverage

Insurance wholesaler Highland Risk Services has partnered with Ironshore to provide liability insurance for the Empirical Risk program, which is designed specifically for continuing care retirement communities (CCRCs). CCRCs combine at least three levels of care – independent living, assisted …

Zurich Programs, Aon Affinity to Cover Non-Profit Long-Term Care Organizations

Zurich  North America Commercial’s Programs & Direct Markets business has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to offer coverage to non-profit long-term care organizations. The program will be available …

West Virginia Senate Bill Limits Nursing Home Liability

A limit would be placed on the amount nursing homes would be forced to pay if sued under a bill passed by the West Virginia Senate this week. The measure explicitly includes nursing homes under the protections of a 2003 …

AmWins Acquires Long-Term Care Specialist CIMI Professional

AmWINS Program Underwriters (APU), an AmWINS Group company, has acquired certain assets of CIMI Professional. CIMI Professional is a long-term care managing general underwriter (MGU) and a division of Chandler Insurance Managers, Inc. In conjunction with the acquisition, Matthew J. …

Towers Watson to Enhance Long-Term Care Insurance Capabilities

Towers Watson, a global professional services company, plans to acquire the business of the DaVinci Consulting Group, a boutique actuarial consulting firm that specializes in the long-term care insurance market, on or about November 1, 2012. The acquisition is subject …

Long Term Care Liability Loss Rate Expected to Grow: Aon

Long term care liability loss rates and claim severity have reached an eight-year high and are expected to grow steadily in 2013 against a backdrop of health care provider budget constraints and uncertainty about health care reform, according to Aon …

West Virginia Nursing Home Challenges $91 Million Jury Award

A Charleston nursing home is challenging a $91 million damage award in a lawsuit stemming from the death of an elderly woman hours after she left the facility. Lawyers for Heartland of Charleston claim in a recent court filing that …

Kentucky Jury Awards $1M in Nursing Home Fall

A court in Lexington, Kentucky, has ruled that a nursing home should pay more than $1 million to a resident who was severely injured in a fall in an equipment storage room. Irene Hendrix was in her late 80s and …