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Conseco Inc., a Major Insurer, Has Dumped a Chunk of Its Long-Term-Care Policies Into an Independent Trust
The Wall Street Journal; subscription may be required 
Dec. 3, 2008
Excerpt: Conseco Inc. officials have said the transfer of many of the insurers' long-term care policies to a new state-supervised nonprofit trust, Senior Health Insurance Co. of Pennsylvania, allows it to concentrate on its core businesses. The policies were a drag on the company's earnings because they were underpriced and required continuing capital infusions to meet the long-term needs of policyholders.
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