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Virginia Health Care Association | Virginia Center for Assisted Living

Participate in Professional Liability Benchmark Effort

Participate in Professional Liability Benchmark Effort

Marsh & McLennan is conducting a professional liability report for the long term care (LTC) sector on behalf of AHCA/NCAL. This year’s analysis is critical to establish a pre-COVID-19 baseline and we strongly encourage participation with a completion date of June 1.

Through Marsh’s National Senior Care practice and Oliver Wyman’s Actuarial practice, Marsh & McLennan will 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, LTC and senior living providers. 

The information Marsh & McLennan is collecting includes.

  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.

VHCA-VCAL members can submit their information or any questions directly to Oliver Wyman regarding the data collection process to LTCBenchmark@oliverwyman.com.