Industry Voices

Seniors housing owners and operators are dealing with dramatic increases in costs, but there are ways to both mitigate and plan for these additional expenses. By Brian Jurutka Since the beginning of the pandemic, property and casualty (P&C) insurance rates for seniors housing have increased significantly. The increase, however, has been driven not just by one factor, but by a combination of factors.   To grasp the dynamics, it’s important to look at the two types of P&C insurance separately: Professional and general liability (PL/GL) and property insurance.  PL/GL covers …

Industry stalwart comes out of retirement to launch a national operator with his former colleagues. By Jeff Shaw Larry Cohen knows a little something about growth. He spent 22 years (19 of them as CEO) at Capital Senior Living, which in 2021 changed its name to Sonida Senior Living (NYSE: SNDA). Cohen grew the company’s portfolio from 27 communities with a resident capacity of approximately 5,000 to 129 communities with a capacity of approximately 16,500 residents. He oversaw the boom years of the company, which saw stock prices peak at …

By Richard Todd and Rob Schumann, Propel Insurance Post-pandemic, the property and casualty insurance landscape for senior living facilities is a combination of promising developments and formidable obstacles.  On one hand, both the assisted living and skilled nursing sectors are witnessing enhancements in professional liability and workers’ compensation coverage. The advent of cutting-edge technologies holds the potential to revolutionize how senior living facilities monitor and care for their patients and residents.  On the other hand, the senior living industry grapples with several adverse factors that cast a shadow over its …