Displaying 42 results
Genworth, GE and Unum need to shore up long-term care business: report
Some financial advisers are wary of the possibility insurers will sell long-term-care blocks to private-equity firms or hedge funds.
States approving bigger rate increases for long-term care policies
Some are signing off on premium increases in the 200%-300% range, one executive said.
Genworth move could signal big shift in distribution of long-term-care insurance
Insurers may turn to direct-to-consumer sales only, bypassing brokers and insurance agents.
Genworth diverts $327 million to shore up long-term-care insurance
Firm also raised premiums an average 53% last year through the third quarter for some policyholders.
Insurance executives push House to add annuity provision to tax reform bill
Insurance executives back measure making it easier to add lifetime income features to workplace savings plans.
States try to beat back rate increases on long-term-care policies
Rules adopted by 41 states have held down rate increases on newer policies, but some advisers remain skeptical of traditional LTC insurance.
Genworth raises long-term-care insurance costs an average 58%
The cost increases, approved by regulators in the second quarter, affect roughly $160 million of in-force premiums.
GE’s long-term-care insurance woes are symptomatic of ailing industry
Traditional LTC insurers continue to be dogged by miscalculations on old policies.
Genworth debuts new annuity for long-term-care coverage
The largest LTC insurer is offering a medically underwritten single premium immediate annuity as an alternative for older Americans.
Pacific Life expands reach in term life insurance market through Genworth acquisition
The insurer is trying to expand outside the affluent market with the purchase of a tech platform.
Genworth to pay $219M to settle securities lawsuit related to long-term-care insurance
The insurer allegedly made false representations to investors over the strength of its long-term-care business.
Genworth doubles down on LTC business in challenging market
The firm is suspending sales in traditional life insurance and fixed annuity products in the first quarter of 2016.
Higher rates can blunt long-term-care errors, Genworth CEO says
The largest seller of long-term-care coverage is counting on periodic rate increases of 2% to 4% to maintain profit targets.
Genworth Wealth completes sale to P-E firms
Changes to platform coming in next few weeks; firm will have new name by year-end
Genworth sale short list would be long list
A number of firms would likely be interested in buying Genworth's wealth management business — if it's on the block, that is.
Best source of referrals? Not clients
Accountants and lawyers deliver more promising prospects; nonprofits provide another opportunity
Credit-worth of Genworth gets worse, nears junk
S&P lowers rating on insurer to lowest investment-grade level
Genworth latest to rein in LTC insurance offerings
Carrier to suspend sale of lifetime benefits, 10-pay versions of product; changes to kick in July 29
Genworth adds more investment options
Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.
Genworth cuts ‘humbled’ CEO’s bonus as insurer misses targets
Genworth Financial Inc. cut Chairman and Chief Executive Officer Michael Fraizer's annual bonus to a third of his target as the life insurer and mortgage guarantor failed to meet its goals.
