Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

Capital Blue Defends Reserves

Your article was successfully shared with the contacts you provided.

NU Online News Service, Jan. 14, 2004, 1:23 p.m. EST – Capital Blue Cross, Harrisburg, Pa., says it cut its reserves by $100 million in 2003 in an effort to hold down customers’ premium increases.[@@]

Pennsylvania officials have argued that nonprofit health insurers in the state are building excessive reserves by charging rates that are too high, but Capital Blue President James Mead has issued a statement arguing that his company needs its remaining reserves so that it can pay all claims even in the event of a catastrophe.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.