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Bullboard - Stock Discussion Forum Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Healthcare
Sienna Senior Living Inc. is a Canada-based seniors' living provider. The Company serves the continuum of independent living (IL), independent supportive living (ISL), assisted living (AL), memory care and long-term care (LTC) through the ownership and operation of seniors' living residences in the Provinces of British Columbia, Saskatchewan and Ontario. It offers a full range of seniors... see more

TSX:SIA - Post Discussion

Sienna Senior Living Inc > Liability insurance
View:
Post by edmed on Oct 21, 2020 12:58pm

Liability insurance

tried to find info on this but could not....

anyone have any comments on the state of SIA's Liability Insurance and whether there is any issues at present regarding their abiltiy to renew ?

Apperently many insurance companies will not include Liability coverage when renewing Long Term Care Facilities...

thanks
Comment by logicandinertia on Oct 21, 2020 2:32pm
Yes, they continue to carry liability insurance but premiums way up, as they have alluded to in the Q2 report.   FROM THE MOST RECENT FILING: "The market for insurance for the senior living sector has been challenging and has resulted in increased insurance costs for Sienna. The Company maintains business and property insurance policies in amounts and with such ...more  
Sienna Senior Living Inc