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Affordable liability insurance is increasingly elusive for TriState nursing homes as premiums soar to more than $400 a bed.
"You can't even purchase it. They won't even give you a price," said Al Byars, who owns and operates three Tri-State long-term care facilities. "Money means nothing."
The premiums - up from $30 a bed six years ago - mean more carriers are dropping liability insurance lines. Nursing homes must pay more for policies or go without If the situation worsens, some facilities could go bankrupt
Owners...