Managed Care Weekly Digest
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Managed Care Weekly Digest
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
A.M. Best Co.
A.M. Best Downgrades Ratings of EmblemHealth Inc.’s Insurance Subsidiaries
June 15th, 2009
A.M. Best Co. has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and issuer credit ratings (ICR) to “bb+” from “bbb-” for Health Insurance Plan of Greater New York (HIP) (New York, NY), HIP Insurance Company of New York and ConnectiCare, Inc. (Farmington, CT), all insurance subsidiaries of EmblemHealth Inc. (New York, NY). Additionally, A.M. Best has downgraded the FSR to C++ (Marginal) from B- (Fair) and ICRs to “b” from “bb-”of Group Health Incorporated (GHI) (New York, NY) and GHI HMO Select, Inc. (New York, NY). The outlook for all ratings has been revised to negative from stable. The rating downgrades reflect the...
Source: Managed Care Weekly Digest (2009-06-15)
|
