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Coronavirus crisis heightens insurers' caution about senior care market

from Insurance Journal

Coronavirus crisis heightens insurers' caution about senior care market Insurance Journal The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said. Residential care communities like nursing homes and assisted-living facilities had already faced escalating prices and a dearth of insurance providers for years. Outbreaks of the novel coronavirus and a related respiratory disease called COVID-19 in such centers only exacerbated the problem. READ MORE

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