Genworth Charge Has Investors Seeing Red – WSJ

Shares of the Richmond, Va., insurer tanked on its announcement late Wednesday of a $345 million charge tied to under-pricing of many long-term-care insurance offerings years ago. The charge helped weigh the firm to an $844 million loss in the third quarter.

via Genworth Charge Has Investors Seeing Red – WSJ – WSJ.

Oops.

Here’s a link to another article on Genworth if you cannot get to the full WSJ article.

Genworth Financial Shares Crash, November 6 – Business Insider.

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