Insurer Transfers Long-Term Care Policies to State Trust
Conseco has transferred its long-term care policies to a new trust supervised by the state of Pennsylvania as part of an effort by the insurer to focus on more lucrative lines of business. Analysts warn that policyholders could see benefit cuts or premium hikes.
- "Insurer Casts Off Long-Term-Care Policies" (McQueen, Wall Street Journal, 12/3).