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Long term care costs squeeze insurers driving rising premiums
Insurers faced with higher nursing home bills cut long term care policies profits drop for major providers including Genworth and MetLife. Moody's notes four of five largest providers scaled back or halted new sales while Genworth grapples with rising costs and accounting errors. Regulators delay rate increases, keeping the industry under pressure as life expectancy grows.
MENTIONED IN THIS ARTICLE
Vincent Lui
Morningstar
Manulife
MetLife
Moody’s
Genworth Financial
Obama
Sean Dargan
Macquarie Group
Genworth
Richmond
Virginia
Lui
Associated Press
Tom McInerney
McInerney
U.S
Centers For Disease Control and Prevention
Shachar Gonen
American Association of
Tennessee
Tiaa-Cref Life Insurance
American General
Connecticut
Insurance Department
McInemey
Dargan
Tina Reese
Lancaster