DAILY NEWS CLIP: January 28, 2025

Genworth ties executive pay to rate increases for long-term care insurance


CT Mirror – Monday, January 27, 2025
By Andrew Brown and Jenna Carlesso

Genworth Financial, one of the largest providers of long-term care insurance in the U.S. and one of only two companies selling coverage through a state partnership program in Connecticut, ties its executive compensation to its ability to obtain annual price increases from policyholders, records show.

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