The Connecticut Insurance Department has posted rate filing information for several blocks of long-term care insurance (LTCI) business in recent weeks.
Insurers filed applications for rate increases for the blocks in December.
The rate filings cover:
95 individual Connecticut policies issued by American General Life Insurance Company, a unit of American International Group Inc. (NYSE:AIG), in the 1990s.
524 individual Connecticut policies issued by Teachers Insurance and Annuity Association of America (TIAA) from 1991 through 2004.
2,817 group Connecticut policies issued by Metropolitan Life Insurance Company, a unit of MetLife Inc. (NYSE:MET) before 2010.
American General asked for a 19 percent increase, saying that it now believes the loss ratio will be about 97 percent. The company originally estimated the loss ratio would be a little over the state minimum of 60 percent.
Officials rejected the American General increase request, saying that the company has applied only 8 percent of a 20 percent increase it was granted in June 2013.