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[EXTERNAL LINK] - Genworth to Launch Senior Care Provider Network Business | ThinkAdvisor
CareScout is setting up a “preferred network of quality senior care providers,” Genworth CEO Thomas McInerney told securities analysts Tuesday, during a conference call the company held to go over earnings for the fourth quarter of 2022.
McInerney said Genworth could resume writing new long-term care insurance or other types of long-term care funding arrangements by 2024, if the company can increase its ratings to A-. Today, its highest-rated life insurer, Genworth Life and Annuity Insurance Company, has a B- rating.
CareScout is setting up a “preferred network of quality senior care providers,” Genworth CEO Thomas McInerney told securities analysts Tuesday, during a conference call the company held to go over earnings for the fourth quarter of 2022.
McInerney said Genworth could resume writing new long-term care insurance or other types of long-term care funding arrangements by 2024, if the company can increase its ratings to A-. Today, its highest-rated life insurer, Genworth Life and Annuity Insurance Company, has a B- rating.
