'After initial review, components of this particular report appear fairly simplistic in nature and don't appear to incorporate certain technical reserve considerations,' the department says.
The Kansas Insurance Department says fraud investigator Harry Markopolos' allegations against GE's long-term care reinsurance business are simplistic.General Electric shares gained in after-hours trading. They had slipped 1.37% during the normal session.long-term care reinsurance business.
Markopolos, known for sounding the alarm on Bernie Madoff's scheme, drove down GE stock 11% on Thursday with aaccusing GE of hiding losses with fraudulent financial statements. Much of his argument revolved around reserves GE would need for its reinsurance business, which is regulated in Kansas.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Prince Harry and Meghan Markle Jetted Off to Nice With Baby ArchieMeghan Markle and Prince Harry have taken baby Archie on their jet-setting international vacation, hitting up both Ibiza and the south of France.
Leer más »
Kate Middleton And Prince William Are 'Delaying' Their Vacation To Avoid Meghan And HarryLemme get some biscuits to sop up this tea.
Leer más »
Prince Harry and Meghan Markle take baby Archie on holiday to FranceMeghan Markle and Prince Harry have taken their son Archie on holiday to Nice, France, and were pictured stepping out of a private plane
Leer más »
Inside Izzy and Harry Judd's London family home as they prepare to moveIzzy and Harry Judd house: see where the McFly musician and former Strictly Come Dancing winner live in London
Leer más »
See Millie Bobby Brown and Harry Styles Dance at Ariana Grande ShowHarry Styles & Millie Bobby Brown. The duo we never knew we needed.
Leer más »