“GE’s Long-Term-Care Insurance Liability Is a Non-Issue in 2020″

GE’s Long-Term-Care Insurance Liability Is a Non-Issue in 2020,” by Al Root, Barron’s

 

Quote:

General Electric CEO Larry Culp made an important insurance disclosure at an investor conference Wednesday. It’s good news for the company. The reserve shortfall for the company’s legacy long- term-care insurance book of business is far smaller than expected.”

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

Good GE-LTCI news for a change.