In GE Probe, Ex-Staffers Say Insurance Risks Were Ignored

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In GE Probe, Ex-Staffers Say Insurance Risks Were Ignored

In GE Probe, Ex-Staffers Say Insurance Risks Were Ignored

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Federal investigators are wondering former staff of General Electric Co. about intricate main points in a legacy insurance coverage industry that resulted in accounting issues on the conglomerate prior to now 12 months.

The insurance coverage industry did not internally recognize worsening effects over time, in step with a number of former GE staff who mentioned they’ve been interviewed via govt legal professionals. They described in interviews for this newsletter examples of what they name lax managerial oversight and buried dangers that in the long run saved…

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