A New Life For LTCi Carrier Penn Treaty

Rob PittsUncategorized

A judge has breathed new life into Penn Treaty American Corp., ruling against the state’s efforts to dissolve the Salisbury Township provider of long-term care policies. In 2009, the Pennsylvania Insurance Department filed papers in Commonwealth Court to liquidate Penn Treaty after an analysis showed the company would need an additional $1.3 billion to cover future claims. But last week, … Read More