As an agent, your clients may be asking about their insurance rates: “Why did my insurance premium go up? , or “Since I have never had a loss, why didn’t my insurance rates go down this year?” Insurance rates, for the most part, have gone up anywhere from 6% to 15%. There are a number of reasons for this increase.
A “Hard” Market
After about five to six years of a “soft” market, we are starting to see the market turn “hard”. Mortgage rates and government bond rates have hardly ever been as low as they have been for the past few years. Previously, when government rates were in the five to seven percent range, insurance companies were able to offset the claims they were paying out by parking a percentage of their premiums in these bonds, which in turn, helped keep rates low. Now, with government bonds yielding barely one percent, insurance companies no longer has that cushion to help with insurance claims.
In addition to providing information to our agents, we seek information our agents can use when serving the needs of their clients. With that in mind, this article will look at elopement in elder care facilities – who is most likely to do it, and what can be done to prevent it.
One of the primary risks for seniors residing in elder care facilities is their ability to put themselves in harm’s way by leaving the facility unaccompanied and unobserved. Referred to as elopement, this risk primarily affects those with dementia, who may be looking for someone or something familiar. What can an elder care facility do to prevent elopement of its residents?
Understand the Reasons
It is important to understand why a person wanders, so the facility can take appropriate steps for prevention. Many elderly individuals with cognitive issues may wander for reasons, which, on the surface, may not be clear. They may be trying to meet an elemental need such as using the bathroom or getting a drink of water. They may be reacting to something they do not like in the facility’s environment. Or, there may be medical conditions behind their wandering.