Author: Reese
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Why Long-Term Care Insurance Cost Insurers Billions
GE took a $6.2 billion charge and set aside $15 billion for old long-term care policies, a year after LTC insurer Penn Treaty was liquidated. Here’s what went wrong.
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When California’s Biggest Life Insurer Failed: The Executive Life Collapse
In 1991, California regulators seized Executive Life, once the state’s largest life insurer, after its junk-bond bets collapsed. Policyholders lost an estimated $4 billion.
