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Genworth : Long Term Care Insurance Network

Genworth Financial struggling under the weight of long-term care costs

By administrator | Mar 5, 2015

Genworth Financial struggling under the weight of long-term care costsNews from InvestmentNews: Here’s an uncomfortable question: who’s going to pay for mom or dad’s nursing home bill — or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney. Mr. McInerney, 58, is the chief executive officer of Genworth Financial Inc., [...]

Miscalculated Risk: The Old-Age Bill That’s Crushing Genworth

By administrator | Mar 4, 2015

Miscalculated Risk: The Old-Age Bill That’s Crushing GenworthNews from Bloomberg: (Bloomberg) — Here’s an uncomfortable question: who’s going to pay for mom or dad’s nursing home bill — or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney. McInerney, 58, is the chief executive officer of Genworth Financial Inc., the [...]

Genworth Financial Updates Disclosure on Long Term Care Insurance

By administrator | Aug 6, 2014

Genworth Financial Updates Disclosure on Long Term Care InsuranceNews from Insurance News Net: Genworth Financial is conducting a review of its long term care insurance claim reserves. 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 [...]

Genworth stock takes hit over long-term care insurance review

By administrator | Aug 2, 2014

Genworth stock takes hit over long-term care insurance reviewNews from Lynchburg News and Advance: Wall Street reacted negatively Wednesday to news that Genworth Financial Inc. will review the adequacy of claim reserves for its long-term care insurance business, which saw a drop in operating profit in the second quarter. The company’s stock dropped 14 percent, [...]

UPDATE 1-Strong growth in long-term care insurance boosts Genworth profit

By administrator | May 1, 2014

UPDATE 1-Strong growth in long-term care insurance boosts Genworth profitNews from Reuters: Tue Apr 29, 2014 7:37pm EDT (Adds details, background) April 29 (Reuters) – Mortgage and life insurer Genworth Financial Inc reported a better-than-expected rise in quarterly profit, helped by a near-doubling in income from its long-term care insurance business. Long-term care insurance assists [...]

Genworth Names Boyle to Lead Life Insurance Unit

By administrator | Feb 2, 2014

Genworth Names Boyle to Lead Life Insurance UnitNews from Bloomberg: Genworth Financial Inc. (GNW) named James Boyle to run its U.S. life insurance operation, which includes the country’s largest provider of long-term care coverage, as Chief Executive Officer Tom McInerney reshapes management. Boyle was previously president of John Hancock Financial Services Inc., the U.S. division [...]

Genworth CEO Would Support Public/Private Long-Term Care Insurance

By administrator | Dec 12, 2013

Genworth CEO Would Support Public/Private Long-Term Care InsuranceNews from Forbes: continues on Forbes … Read the full article . Related News: . 7 in 10 will need long-term care, ready or notNews from SunHerald.com: ATLANTA — Harry Baron had already lived through a tough week this summer, facing the reality that his wife of 67 [...]

Genworth: Long-term care insurance viable

By administrator | Dec 9, 2013

Genworth: Long-term care insurance viableNews from Lynchburg News and Advance: Genworth Financial Inc.’s top executive said Wednesday he sees long-term care insurance as a viable business, but the company needs to seek smaller and more frequent premium rate increases over time to better manage the business. The Henrico County-based insurance giant has maintained its long-term [...]

Genworth: Long-term care insurance viable

By administrator | Dec 8, 2013

Genworth: Long-term care insurance viableNews from Richmond Times Dispatch: Genworth Financial Inc.’s top executive said Wednesday he sees long-term care insurance as a viable business, but the company needs to seek smaller and more frequent premium rate increases over time to better manage the business. The Henrico County-based insurance giant has maintained its long-term care [...]

Genworth Stays In Long-Term Care Insurance, But Seeks A New Premium Design

By administrator | Dec 7, 2013

Genworth Stays In Long-Term Care Insurance, But Seeks A New Premium DesignNews from Forbes: … Read the full article . Related News: . Long-term care insurance: Peace of mind at a priceNews from USA TODAY: Carol Blackwell prepares to fill a bird feeder with her husband, Bob Blackwell, during her daily visit to see him [...]

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