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.

AIG Suing Partner in ‘Life Settlement’ Investments – WSJ

AIG Suing Partner in ‘Life Settlement’ Investments – WSJ.

The life-settlements market suffered during the 2008 financial crisis when lending dried up for hedge funds. While many other investment markets have since recovered, the life-settlements market has remained depressed as life expectancies used by investors to gauge potential returns have repeatedly proved wrong; many people who sold their policies are living longer than investors anticipated.

Managing the “Invisibles” – Harvard Business Review

What Does It Mean to Be an Invisible?

Many of the Invisibles I met with are at the top of their fields; some are in charge of complex operations and of scores, even hundreds, of workers; many are well remunerated. I wanted to know: How is it, in an age when seemingly everyone is aggressively self-promoting, when we’re told that in order to get ahead we must have a brand or a “platform,” that these people—consummate professionals all—are satisfied with anonymity? How can they have the confidence to do their demanding jobs and yet not the ego to want to be widely known for their work? Despite the diversity of their careers, I found that all Invisibles share certain traits, with three in particular at the core.

Ambivalence toward recognition. We all do work that is anonymous to some extent, but most of us strive for recognition. That is how we feed our sense of self-worth. Invisibles take a different approach. For them, any time spent courting praise or fame is time taken away from the important and interesting work at hand. In fact, their relationship with recognition is often the inverse of what most of us enjoy: The better they do their jobs, the more they disappear. It may only be when something goes wrong that they’re noticed at all.

via Managing the “Invisibles” – Harvard Business Review.

Sixth Circuit Rules Telecommuting may be a Reasonable Accommodation – Employee Benefit News

Sixth Circuit rules that telecommuting may be a reasonable accommodation – Articles – Employee Benefit News.

Under this precedent, an employer may be required to grant some degree of telecommuting as a reasonable accommodation. However, employers still may require regular attendance during regular working hours, even if that attendance is via telecommuting

The article notes the employee was terminated and had a history of irritable bowel syndrome.  Now this whole work from home thing is getting real interesting.

MIB – Life Index First Quarter 2014 off -5.4%

MIB Group – Risk Analytics – Life Index – Archives.

U.S. application activity for individually underwritten life insurance was off -4.4% in March, year-over-year, all ages combined according to the MIB Life Index. Declining activity across the first three months of the year foreshadowed 2014’s first quarter losses, off -5.4% as compared to Q1 2013. The MIB Life Index has marked declining life insurance application activity for the past twelve consecutive months.