“Humana Finds New Home for LTCI Unit”

“Humana Finds New Home for LTCI Unit,” by Allison Bell, ThinkAdvisor “Humana Inc. is paying a unit of HC2 Holdings Inc. $203 million to provide a good home for its stand-alone long-term care insurance business. Continental General Insurance Company, an insurance company subsidiary of HC2, is paying Humana $10,000 to acquire the stock of Humana’s KMG America Corp. subsidiary. KMG America is the parent of Kanawha Insurance Company, a company that is providing stand-alone long-term care insurance for about 31,000 people. Humana has been running the Kanawha LTCI business as a ‘closed block’ business, meaning that it continues to administer existing policies but
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Categories: Humana, Industry News, and Long-Term Care.