“SEC Adds to General Electric’s Long-Term Care Insurance Headaches”

SEC Adds to General Electric’s Long-Term Care Insurance Headaches,” by Allison Bell, ThinkAdvisor

Quote:  “The U.S. Securities and Exchange Commission is officially taking an interest in the accounting for General Electric Co.’s long-term care insurance (LTCI) reinsurance operations. The SEC sent GE a Wells notice about the company’s insurance accounting practices Sept. 30, GE said Tuesday, in a current report notice filed with the SEC.”

LTC Comment:   All’s not well that ends in a Wells notice.