UPDATE 3-General Electric insurance called ‘risky’ by Fitch; shares fall again
General Electric Co
ranks among the riskiest backers of long-term care insurance,
suffering from both high exposure to claims and a relatively
small cash pile to pay them, Fitch Ratings said in a report on
Tuesday that sent GE’s shares tumbling.
ranks among the riskiest backers of long-term care insurance,
suffering from both high exposure to claims and a relatively
small cash pile to pay them, Fitch Ratings said in a report on
Tuesday that sent GE’s shares tumbling.
Posted by Reuters
