Department actuaries concluded that the company’s LTCI business has had better claims experience than expected, both in Connecticut and in the country as a whole. In Connecticut, the company has not yet paid any claims. In the country as a whole, the expected loss ratio was 11.72 percent. The actual loss ratio has been just 2.94 percent, officials say.
Berkshire Life is a wholly owned stock subsidiary of the Guardian Life Insurance Company of America.