Cross and Blue Shield of Montana along with Blue Cross of Idaho are buying an Idaho company that provides health products and employee-benefit administration services and merging it with a similar Montana company.
The insurance companies have acquired Peak 1 Administration of Coeur d’Alene, Idaho and merged it with Blue Cross subsidiary Insurance Coordinators of Montana, which is based in Helena.
The Independent Record reported the company will operate under the name of Peak 1 Administration. Insurance Coordinators serves customers in Montana, Idaho, Wyoming, Washington and Oregon.
Officials declined to discuss the purchase price.
Peak 1 President Dan Crawford says the merger allows them to increase the services they offer and expand the area they serve.
Was this article valuable?
Here are more articles you may enjoy.
First Half US P/C Industry Underwriting Gain Jumps to $31.7B 
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
NC Roofers Caught in Farm Bureau’s Sting Sentenced to Probation, Restitution 
FBI Investigating Possible Exposure of Millions of American IDs 
