Florida Blue Aims to Restructure as Mutual Insurance Holding Company

Health insurer Florida Blue announced it has applied with the state insurance department to become a customer-owned non-profit mutual insurance holding company.


Transitioning to a mutual insurance company will not affect the plan's benefits or provider networks, and Florida Blue would continue to operate as a subsidiary of Blue Cross Blue Shield. Florida's Office of Insurance Regulation and Florida Blue policyholders must first approve of the restructuring, according to a news release.


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