Industry Voices

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 …

By Danette Opaczewski As the senior living landscape undergoes transformative changes, one notable trend stands out: the shifting demographics in seniors housing.  On a national level, the U.S. Census Bureau national population predictions project the country’s population trends through 2100. Overall, the Census Bureau forecasts that older adults will make up a larger portion of the population in the coming years, with a median age expected to increase from 38.9 years in 2022 to 47.9 years in 2100.  Zooming into the senior demographic specifically, the percentage of the population age …

By Dan Lindberg, Founder & Principal, Applied Economic Insight According to Housing America’s Older Adults, a report released at the end of November 2023 by the Joint Center of Housing Studies of Harvard University, naturally occurring retirement communities (NORCs) house more older adults than active adult, independent living, assisted living, memory care and skilled nursing combined.  The seniors housing sector has many of its own acronyms like CCRCs (continuing care retirement communities), for example, yet NORCs are one we have not paid much attention to. We should. Such communities, whether intentional or not, …