“Something unusual happened last month: A good-size American insurer, Penn Treaty of Allentown, Pa., was ordered to liquidate and wind down its affairs. Its demise will orphan tens of thousands of policyholders — people who bought its long-term-care insurance to shield their families from crushing nursing home costs.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Not to beat a dead horse, but this story is in the New York Times so merits notice as so many will read it.
Policyholders in Limbo After Rare Failure of Insurer