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A.M. Best Withdraws Ratings of CIGNA HealthCare of Massachusetts, Inc.


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Published in Health and Fitness on Monday, July 11th 2011 at 9:00 GMT by Market Wire   Print publication without navigation


OLDWICK, N.J.--([ BUSINESS WIRE ])--A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of aaa of CIGNA HealthCare of Massachusetts, Inc. (headquartered in Hartford, CT), a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.


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