“GE’s LTCI Block Might Be Different: Rating Agency,” by Allison Bell, ThinkAdvisor

“The overall state of the U.S. long-term care insurance (LTCI) industry could be healthier than the blocks of LTCI business reinsured by General Electric Co.’s reinsurance units. Analysts at Moody’s Investors Service give that assessment in a new analysis of the big GE reserve shortfall. . . . GE’s blocks may look worse than typical blocks . . . because GE has assumed responsibility for the blocks from the insurers that originally wrote the coverage, and because GE has operated the reinsurance business as a runoff business, the analysts write.”

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

Kind of side-ways good news for the broader LTCI business.

GE’s LTCI Block Might Be Different: Rating Agency

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#goldencareagent