October 02, 2014 3:33 AM ET

Insurance

Company Overview of Blue Shield of California Life & Health Insurance Company

Company Overview

Blue Shield of California Life & Health Insurance Company provides group and individual term life, accidental death and dismemberment, vision, and stop loss insurance products in California. The company offers group term life, group vision, individual short-term health, disability, and individual term life insurance products. It also offers health, dental, vision, life, and suite deal insurance products to employer groups. Blue Shield of California Life & Health Insurance Company has strategic relationship with Magellan Health Services Inc. The company was formerly known as CPIC Life Insurance Company and changed its name to Blue Shield of California Life & Health Insurance Company in Septem...

50 Beale Street

20th Floor

San Francisco, CA 94105-1808

United States

Founded in 1954

Phone:

415-229-5272

Fax:

415-229-6230

Key Executives for Blue Shield of California Life & Health Insurance Company

Chairman
Age: 62
Chief Financial Officer and Executive Vice President
Age: 59
Senior Vice President and Chief Executive of Individual Small Group & Government Business Unit
Chief Compliance Officer
Senior Vice President
Compensation as of Fiscal Year 2014.

Blue Shield of California Life & Health Insurance Company Key Developments

The California Court of Appeal Affirms Dismissal of Class Action against California Physicians Service, Inc. and Blue Shield of California Life & Health Insurance Company

The California Court of Appeal affirmed the dismissal of a class action challenging the inclusion of maternity benefits in a health insurance policy for which an additional premium was being charged. Al Van Slyke brought an action on behalf of himself and all others similarly situated against California Physicians Service, Inc. and Blue Shield of California Life & Health Insurance Company. Van Slyke alleged the companies were negligent in selling healthcare coverage without informing him and other members of his putative class that maternity benefits were included and that health coverage without those benefits, and thus for less cost, was available from other carriers. The trial court sustained Blue Shield's demurrer to the complaint without leave to amend and dismissed the action. Van Slyke appealed. The court of appeal affirmed the trial court's judgment. Blue Shield had no duty to disclose that Slyke's plan had maternity coverage for which an additional premium was being charged and other plans were available without such coverage. Moreover, Van Slyke alleged no basis for his purported ignorance of the actual terms of his healthcare plan; Van Slyke was responsible for reading the provisions of his agreement with Blue Shield.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 3, 2014
PriMed Management Consulting Services, Inc.
 

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