America’s long-term care facilities are subject to rising liability costs, a new study from Aon Corp. and the American Health Care Association finds.
Aon Risk Solutions’ “2011 Long Term Care General Liability and Professional Liability Actuarial Analysis” cited a 4% annual increase in the average claim size as responsible for the growth of long-term care liability costs. Nationwide, the severity of liability claims increased steadily from $125,000 in 2005 to $153,000 in 2010. In 2011, claims severity is projected to reach $159,000.
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