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Long term care insurance commission offers advice to Americans

September 19, 2013September 16, 2013 H. Cutner

At the same time that they provided these recommendations, they didn’t offer advice for paying the premiums. The recommendations of a commission that was created by Congress in order to help to address the rapidly growing need for long term care insurance coverage have now been released with an important detail lacking from the advice. No consensus could be found regarding the way that these pricey services will be paid for. The proposals were an element of a bipartisan supported long term care insurance report from nine out of the…

Aon Study reveals an increase in average long term care liability claims

June 25, 2011 Nordstrom

Aon Risk Solutions has released the results of research in its 2011 Long term Care General Liability and Professional Liability Actuarial Analysis, which showed that even though the frequency of claims is declining, the costs of long term care liability are on the rise as a result of an increasing average size of the claims. When compared to 2010, this year has shown a rise in the average size of claims that equals approximately 4 percent. Across the country, the severity and size of the liability claims saw a steady…