Credit: Bloomberg || Graph of Penn Treaty’s stock price 2002-2009
I wrote about this last in October 2009 in a piece lovingly entitled: At Last, Death! (speaking of the holding company, not the insurance subsidiaries). I’m going to quote the whole piece here, because it says most of the things that I wanted to say when I heard the most recent news about Penn Treaty, where the underlying insurance subsidiaries are finally getting liquidated. It will be the largest health insurer insolvency ever, and second largest overall behind Executive Life.
