“GE Responds to Markopolos LTCI Reinsurance Reserving Criticisms,” by Allison Bell, ThinkAdvisor

“A General Electric Company executive, Steve Winoker, has posted a detailed rebuttal of allegations that the company has misled investors about the reserves at its long-term care insurance (LTCI) reinsurance business. … A copy of the note is available here. … Winoker writes in his note that GE believes that its current LTCI reinsurance reserves are well-supported for the company’s portfolio characteristics.”

 

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

The other side of the story.