NU Online News Service, Feb. 26, 2004, 6:11 p.m. EST – Long Term Care Group Inc., El Segundo, Calif., has acquired a block of administration business from ERC Long Term Care Services.[@@]
ERC sold LTC Group the right to administer a block of 20,000 individual LTC policies written by 13 insurers. LTC Group will take over administration by June 30.
ERC is a unit of General Electric Company, Fairfield, Conn.