The Spoof (tagline: “Always there with the funniest spoof headlines”) reports findings that one of the UK’s leading life insurance providers has been fleecing their customers. Their accusation: The Athieva Life Insurance company has been using customer payments to fund a new immortality serum, which the company then tested on 2,000 aging clients who soon afterward reported feeling too well considering their age. Eventually, a reporter was sent to investigate the potentially explosive story. The reporter explained, “I managed to get a job with Athieva and was told I would be shadowing one of their collection agents, or ‘Angels of Theft’, as we now call them. I noticed that the agent was slipping something into the customers drinks. It wasn’t until I finished my training that I found out what it was. The agent gave me a batch and told me to put it in all my customers’ drinks. At this point I legged it and began further investigations.”
FBL and Gen Re also have changes to announce.
The company says it disagrees with New York about how to account for LTCI rate increases.
The earnings figure securities analysts care about went up.
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