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Non-Tech : General Electric (GE)

GE 308.97

-0.6%

Oct 31 3:59 PM EST

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From: E_K_S	8/20/2019 11:50:30 AM
	of 3256

The Fall of GE ----------------------------------------------- GE among riskiest long-term care insurers - Fitch Aug. 20, 2019 10:49 AM ET\|About: General Electric Company (GE)\|By: Yoel Minkoff, SA News Editor Fitch Ratings is next to take aim at General Electric ( GE -3.2%) after Madoff whistleblower Harry Markopolos released a report last week that slammed GE's insurance accounting and its holdings in Baker Hughes. The company ranks among the riskiest backers of long-term care insurance, suffering from both "very high" exposure to claims and a relatively small cash pile to pay them, the agency wrote in its annual Fitch report. GE is not alone, but ranked second on Fitch's list of the 16 riskiest long-term care insurers, because it has mostly older policies written when the costs of long-term care were poorly understood. A large portion of GE's policies also provide lifetime benefits and some contain inflation protection benefits, which are unusually risky because costs are volatile and vulnerable to interest rate changes. --------------------------------------------------- Another time bombs ready to 'Blow-Up'. Also all those unfunded pension liabilities. EKS

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