Insurers may have to boost reserves by billions of dollars if regulators insist on a stricter...

|By:, SA News Editor

Insurers may have to boost reserves by billions of dollars if regulators insist on a stricter approach for meeting claims on "universal-life" products, the WSJ reports, with states saying that firms have improperly minimized reserves. No names have been mentioned, but Genworth (GNW), Lincoln, (LNC) and Protective (PL) use the disputed methodology.