Best Lowers Rating on CompCare Parent

A.M. Best Co. has lowered the financial strength ratings to B+ (Very Good) from B++ (Very Good) for the life/health subsidiaries of Cobalt Corporation, Milwaukee, and removed them from under review. These rating actions reflect continued large losses at Compcare Health Services Insurance Corporation, Cobalt's largest health maintenance organization (HMO), pressured capital and surplus at Cobalt, constrained liquidity from its significant investment in American Medical Security Group, Inc. and uncertainties related to the repayment of the $70 million loan to Cobalt from Blue Cross & Blue Shie...