A.M. Best Withdraws Ratings of Humana Benefit Plan of Illinois, Inc. (HMO) Following Statutory Filing Change
OLDWICK, N.J.-(Business Wire)-September 25, 2009 - A.M. Best Co. has withdrawn the financial strength rating (FSR) of B++ (Good) and issuer credit ratings (ICR) of “bbb” of Humana Benefit Plan of Illinois, Inc. (HMO), a former line of business statutory filing of Humana Benefit Plan of Illinois, Inc. (Peoria, IL), a subsidiary of Humana Inc. (headquartered in Louisville, KY) [NYSE: HUM].
Concurrently, A.M. Best has assigned an NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR of Humana Benefit Plan of Illinois, Inc. (HMO).
Effective for 2009, Humana Benefit Plan of Illinois, Inc. is now filing its quarterly and annual statutory statements on a NAIC health blank and is no longer required to file a separate statement for its HMO line of business.
The FSR of B++ (Good) and ICR of “bbb” of Humana Benefit Plan of Illinois, Inc. are unchanged by this transaction.
For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
