CHICAGO--(BUSINESS WIRE)--Nov. 16, 2009--
CNA HealthPro, a leader in the healthcare professional liability
industry, presents the sixth in a series of aging services claims
studies, Reducing Risk in a Changing Industry: CNA HealthPro Aging
Services Claims Analysis 2004-2008. The study includes a legislative
update, analysis of updated claims data and questions designed to assist
aging service organizations conduct self-assessments.
“We have a long history of collaborating with aging services
organizations and are committed to providing our clients with
information on emerging healthcare industry issues,” said Andrew
Shapiro, senior vice president, CNA HealthPro. “Our claims studies
provide unique insights into the professional liability environment and
are designed to help aging services organizations provide residents with
safe, comfortable, caring environments while minimizing risk exposures.”
The Reducing Risk in a Changing Industry study was developed by a
multidisciplinary team comprised of CNA HealthPro risk management
consultants, actuaries, claim professionals, legal counsel and senior
underwriters. Data and key findings include:
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The severity of closed claims has increased at an average rate of 7.6
percent per year.
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Not-for-profit facilities have fewer open and closed claims than
for-profit facilities.
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Skilled nursing facilities have the highest average severity within
the not-for-profit business segment, followed by continuing care
retirement communities.
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Assisted living facilities have the highest average severity within
the for-profit business segment, followed by skilled nursing
facilities.
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The most frequent allegation is resident fall, which comprises
approximately 44 percent not-for-profit and 38 percent for-profit open
and closed claims.
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Injuries with high severity include amputation, sexual assault. death,
head injury, loss of organ and pressure ulcer.
This study, as well as other CNA HealthPro client risk management
resources, can be accessed at www.cna.com
- click “Risk Control,” “Client Materials,” “Medical Services.”
A proven leader in providing comprehensive insurance coverages to the
healthcare industry, CNA HealthPro offers a full range of insurance
products for healthcare providers and organizations. For more
information, please contact CNA HealthPro at 800-600-4776 or visit www.cna.com/healthpro/.
Serving businesses and professionals since 1897, CNA is the country’s
seventh largest commercial insurance writer and the 13th
largest property and casualty company. CNA’s insurance products include
standard commercial lines, specialty lines, surety, marine and other
property and casualty coverages. CNA's services include risk management,
information services, underwriting, risk control and claims
administration. For more information, please visit CNA at www.cna.com.
CNA is a registered trade mark of CNA Financial Corporation.
Source: CNA
CNA
Media Contact:
Katrina Parker, 312/822-5167
