AM Best Comments on Credit Ratings of Blue Cross Blue Shield of Michigan Mutual Insurance Company and Its Subsidiary Following Announcement of Its Affiliation With Blue Cross and Blue Shield of Vermont

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of Blue Cross Blue Shield of Michigan Mutual Insurance Company (Detroit, MI) and Blue Care Network of Michigan (Southfield, MI) (collectively known as BCBS MI) remain unchanged following the May 1, 2023, announcement that Blue Cross Blue Shield of Vermont (BCBSVT) will become part of the BCBS MI family of companies through an affiliation agreement. BCBSVT is an independent licensee of the Blue Cross Blue Shi