Genworth Financial Updates Disclosure on Long Term Care Insurance
According to the company, many of its investors have asked for additional information about the last in-depth review of the claims reserve, which was conducted in 2012. The company cannot predict how the results of the current review will compare with the results of its review in 2012.
As a result of the 2012 claims review, the company established refinements to its claim reserves to reflect how a claim transitions by diagnosis and care facility, trends in benefit utilization, and refinements to claim terminations. The impact to GAAP claim reserves as a result of the new methodology was an increase to reserves of approximately
More Information and complete details:
((Comments on this story may be sent to [email protected]))
|Copyright:||(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.|