MetLife will no longer issue individual long-term care insurance policies.

Richmond, Va.-based Genworth Financial announced that its life insurance subsidiary is underwriting a new product that it says provides a flexible way to link the tax-deferred growth of an annuity with long-term care benefits.

Nine people have been charged with 41 criminal charges each for allegedly helping to cheat four insurance companies out of more than $1 million as part of what officials are calling “Operation Forgery Factory.”

A Richmond, Va.-based financial services firm reported net income of $75 million for the fourth quarter of 2009, an increase from its net loss of $321 million for the same quarter in 2008.

The Virginia Retirement System reached an agreement with Genworth Financial to provide long-term care insurance under the Commonwealth of Virginia Voluntary Group Long Term Care Insurance Program.

Richmond, Va.-based Genworth Financial announced that based on recently enacted legislation, it is expecting to recover nearly $85 million in federal tax refunds.

Promoting the singular goal of making life insurance “affordable, predictable and accessible” to consumers, Genworth Financial announced a pair of new universal life insurance products.

Richmond, Va.-based Genworth Financial will provide long-term care insurance to the membership of the Teacher Retirement System of Texas.

Richmond, Va.-based Genworth Financial notified 85 employees this week that their positions were being eliminated, and the financial services company estimates that 27 of them will not find a job …  Read →

Genworth Financial has extended its My Future, My Plan suite of long-term care insurance plans to AARP members in 11 states, including New Jersey.

The Richmond, Va.-based company said the program …  Read →