18 unchanged sentences
The Company believes it has meritorious defenses to the allegations and the Company intends to continue to vigorously defend against the litigation.
+Added: On February 9, 2022 the Company received notice of a complaint filed by Jessica K.
+Added: Altman, Insurance Commissioner of the Commonwealth of Pennsylvania, in her capacity as the Statutory Rehabilitator of Senior Health Insurance Company of Pennsylvania.
+Added: The complaint filed on January 28, 2022, in the Commonwealth Court of Pennsylvania names certain former executive officers of Senior Health Insurance Company of Pennsylvania (“SHIP”) and Protiviti Inc., a subsidiary of the Company, as defendants.
+Added: The case arises from the financial deterioration of SHIP, a life insurance company that administers long term care insurance policies.
+Added: The claims asserted against Protiviti are primarily connected to its role and its performance of limited agreed upon procedures regarding certain SHIP investments.
+Added: Plaintiff seeks judgment in excess of $500 million against the defendants in the case.
+Added: Given the timing of notice of this lawsuit, the Company has not completed a review of the claims, or an assessment of the potential liability asserted in the pleadings.
+Added: At this stage of the litigation, it is not feasible to predict the outcome or range of loss, should a loss occur, from this proceeding and, accordingly, no amounts have been reserved in the Company’s Financial Statements.
+Added: Based on the Company’s initial review of the claims, the Company believes it has meritorious defenses to the allegations and intends to vigorously defend against the litigation.
The Company is involved in a number of other lawsuits arising in the ordinary course of business.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.