Zurich Financial To Pay $47.5M In U.S. Nursing Home Settlement

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by Jacques G. Balette
Last Updated on April 17, 2025
February 6, 2017

ZURICH (Dow Jones) – Switzerland-based insurer Zurich Financial Services AG (ZURN.VX) said Tuesday that it has reached a settlement regarding the bankruptcy of a U.S. nursing home chain Senior Living Properties.
Under the agreement, Zurich will pay $47.5 million. The company said its reserves will fully cover the payment.
The settlement puts an end to a lawsuit filed by Senior Living Properties which sought damages of around $528 million from Zurich company units.

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Jacques G. Balette<br><span style="font-size: 18px;">Shareholder & Co-Founder</span>

Jacques G. Balette
Shareholder & Co-Founder

Jacques G. Balette, a co-founder of Marks Balette Young & Moss, is a dedicated advocate for those catastrophically injured. His extensive experience and strong reputation have enabled him to represent clients in complex cases across more than 120 counties in over fifteen states.

Learn more about Jacques

Home » Blog » Case Results » Zurich Financial To Pay $47.5M In U.S. Nursing Home Settlement

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Jacques G. Balette<br><span style="font-size: 18px;">Shareholder & Co-Founder</span>

Jacques G. Balette
Shareholder & Co-Founder

Jacques G. Balette, a co-founder of Marks Balette Young & Moss, is a dedicated advocate for those catastrophically injured. His extensive experience and strong reputation have enabled him to represent clients in complex cases across more than 120 counties in over fifteen states.

Learn more about Jacques

Home » Blog » Case Results » Zurich Financial To Pay $47.5M In U.S. Nursing Home Settlement