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AM Best Downgrades Credit Ratings for EmblemHealth, Inc.'s Insurance Subsidiaries – InsuranceNewsNet

AM Best has downgraded the Financial Strength Rating to C from C+ and the Long-Term Issuer Credit Ratings toโ€œ ccc+โ€ fromโ€œ b-โ€ of Health Insurance Plan of Greater New York, EmblemHealth Insurance Company, EmblemHealth Plan, Inc. and ConnectiCare, Inc.. All companies are subsidiaries of EmblemHealth, Inc. and domiciled in New York, NY, unless otherwise specified.
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AM Best Places Credit Ratings of Hotai Insurance Co., Ltd. Under Review With Negative Implications

AM Best has placed under review with negative implications the Financial Strength Rating of A and the Long-Term Issuer Credit Rating ofโ€œ aโ€ of Hotai Insurance Co., Ltd., in view of the companyโ€™ s exposure to potentially significant claims related to pandemic insurance policies amid the deteriorated COVID-19 situation in Taiwan, and uncertainty of the...
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AM Best Places Credit Ratings of Cathay Century Insurance Company Limited Under Review With Negative Implications

AM Best has placed under review with negative implications the Financial Strength Rating of A and the Long-Term Issuer Credit Rating ofโ€œ aโ€ of Cathay Century Insurance Company Limited. This Credit Rating action is in view of the companyโ€™ s exposure to potentially significant claims related to pandemic insurance policies amid the deteriorated COVID-19...
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