“Two insurance units of Penn Treaty American Corp., which have combined assets of about $600 million and projected long-term-care claims liabilities topping $4 billion, are on track to be liquidated early next year, according to filings in a state court in Harrisburg.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Long, depressing process playing out finally. Article quotes Chief Actuary Vincent Bodnar of Center corporate member LTCG.
Reminder: The Wall Street Journal is gated.