A Greater Focus On Pa. Long-Term Care Rate Regulation

Law360, New York (May 24, 2012, 1:09 PM EDT) -- The regulation of long-term care insurance rates has become a topic of increased attention in recent years. Regulators continue to face the challenge of balancing rate inadequacy with making long-term care policies affordable.

A recent unprecedented opinion by the Commonwealth Court of Pennsylvania denying the Pennsylvania Insurance Department’s request to liquidate two long-term care insurance companies brings issues surrounding rate regulation to the forefront.

Pennsylvania life insurer Penn Treaty Network America Insurance Co. and its subsidiary American Network Insurance Co. primarily write long-term care insurance, which...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.