Archive for August 7th, 2017

Why A Pennsylvania Insurer’s Collapse Could Whack Californians In the Wallet

Monday, August 7th, 2017

Penn Treaty’s liquidation poses a “potential shock to the health marketplace” as the losses pile up, according to the A.M. Best credit rating firm. Industry analysts estimate the parent company has long-term claims liabilities approaching $4 billion, but only about $700 million in assets.

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