long term care insurance News

Zurich Programs, Aon Affinity to Cover Non-Profit Long-Term Care Organizations

Zurich North America Commercial’s Programs & Direct Markets business has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to offer coverage to non-profit long-term care organizations. The program will be available …

Genworth Separates Mortgage Insurance Unit, Reduces Bond Default Risk

Genworth Financial Inc. on Wednesday said it was reorganizing itself to separate its mortgage insurance business from the rest of the company, reducing the risk of default on its bonds and sending its shares up 9 percent. Genworth’s shareholders — …

Is Long-Term Care Insurance Dying?

Poor results in the long-term care insurance sector have led many providers to exit the market, leaving its future uncertain, Moody’s Investors Service says in a new report. The report, “Long-Term Care Insurance: Sector Profile,” says that despite the need …

West Virginia Judge Affirms $91M Damage Award Against Nursing Home

A Kanawha County, West Virginia judge has affirmed most of a $91.5 million damage award against a Charleston nursing home in a lawsuit that claimed it failed to properly feed and care for an elderly woman who died hours after …