Filed Under:Health Insurance, Ltci

Connecticut OKs LTCI Rate Increases

Connecticut Insurance Commissioner Thomas Leonardi has approved a 41% rate increase for 3 blocks of long-term care insurance (LTCI) policies.

Leonardi has given Metropolitan Life Insurance Company, a unit of MetLife Inc., New York (NYSE:MET), permission to apply the increases to a block of LTCI business it administers for Teachers Insurance and Annuity Association (TIAA), New York; a block it administers for a TIAA affiliate, TIAA-CREF Life Insurance Company; and a block of policies it has assumed through reinsurance agreements with TIAA and TIAA-CREF Life.

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Nichole Morford

Nichole Morford
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