Genworth Denied 134% LTCI Rate Increase by Court in Mass.

Interesting summary in the link below from Agency Checklists Massachusetts Insurance News about the Superior Court in Massachusetts denying Genworth Life a 134% LTCI rate increase for failing to properly file Notice Of Effective date. From the piece:

[I]In 2010, Genworth made a nationwide filing that years for rate increases of up to 18%. Massachusetts allowed Genworth a 10% rate increase.

Two years later, in December 2012, Genworth again filed in Massachusetts requesting increase on its long-term care insurance policies issued between September 1988 and September 2005. This reque
Source of insurance-forums.net

Comments