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 ​Announcing Marsh & McLennan Professional Liability Benchmark

 
Marsh & McLennan is conducting a long term care professional liability report for our sector. Through Marsh’s National Senior Care practice and Oliver Wyman’s Actuarial practice, Marsh & McLennan will now produce the Professional and General Liability Benchmark Report for Long Term Care Providers.
 
The information presented in this study is a critical component in various insurance industry initiatives and supports multiple state tort reform efforts. This benchmark study is also an important resource relied upon by insurance carriers, actuaries, and of course, long term care and senior living providers.
 
Your participation is essential to ensure that the loss experience of each AHCA member is reflected in the cost estimates, trend analysis, and other benchmark statistics included in the study. We strongly encourage participation in this benchmark study in order to enhance the quality of this initiative.
 
The information Marsh & McLennan is collecting is listed below.
 
  1. Individual claim listings (excluding Protected Health Information) in Excel-readable format, containing all professional liability and general liability claims. This claim listing should provide claim level detail valued as 12/31/2019. If historical valuations are also available, please include claim listings valued as of 12/31/2018, 12/31/2017, 12/31/2016, and 12/31/2015.
  2. Occupied bed equivalent exposure information for the past 10 calendar years if available.
 
This information should be provided separately for assisted living facilities and skilled nursing facilities.
 
Please contact Oliver Wyman regarding the data collection process or with any additional questions at LTCBenchmark@oliverwyman.com.
 

 General Liability and Professional Liability Actuarial Analysis

 
Conducted annually by Aon Global Risk Consulting (Aon), this study analyzes the general liability and professional liability (GL/PL) claim costs for the long term care profession in the United States. 

 
Objectives:
• Identify the overall trends in the cost of GL/PL claims 
• Identify state specific trends in the cost of GL/PL claims
• Identify trends in frequency and severity overall and on a state by state basis 
• Explore the impact of Alternative Dispute Resolution (ADR) on GL/PL claims​

Reports:
 

 Additional Resources

 
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