“GE’s Fix-It Plan for Insurance: Raise Rates, Boost Returns,” by Thomas Gryta and Leslie Scism, Wall Street Journal

“General Electric Co. GE +3.24% sought to reassure investors that it has a handle on its troubled insurance business, saying it is pushing to raise premiums paid by tens of thousands of older Americans and shifting its investments to boost returns on its reserves. The company took the unusual step of hosting a presentation Thursday by GE’s top insurance executives to explain the business, a legacy of GE Capital’s once sprawling operations. While GE spun off or sold much of its insurance business a decade ago, it held on to policies that cover 342,000 people and are expected to pay out more

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

Rising interest rates and investment returns are a safety net for all LTCI carriers … and for the policy holders who won’t be as likely to experience premium increases or increases as high as otherwise.