Health & Fitness
Health and Fitness
Health and Fitness
Tue, July 12, 2011
Mon, July 11, 2011 A.M. Best Withdraws Ratings of CIGNA HealthCare of Massachusetts, Inc.
OLDWICK, N.J.--([ BUSINESS WIRE ])--A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of aaa of CIGNA HealthCare of Massachusetts, Inc. (headquartered in Hartford, CT), a subsidiary of CIGNA Corporation (NYSE: CI).
The company ceased issuing new policies effective January 1, 2010 and had been paying run-out claims throughout the reporting year 2010.
The principal methodology used in determining these ratings is [ Besta™s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition ], which provides a comprehensive explanation of A.M. Besta™s rating process and highlights the different rating criteria employed. Methodologies can be found at [ www.ambest.com/ratings/methodology ].
Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit [ www.ambest.com ].
Copyright © 2011 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.
