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Aetna Insurance Co

BUSINESS
April 29, 1999 | From Bloomberg News
Aetna Inc. said Wednesday its first-quarter earnings grew 15%, more than expected, as it raised premiums on employer health plans and shed unprofitable Medicare business. The nation's largest health insurer reported profit from operations of $168.2 million, or $1.08 a share, up from $146.6 million, or 90 cents, a year ago, including costs for fixing the year 2000 computer bug in its systems. Revenue for the Hartford-based company, including capital gains, jumped 23% to $5.7 billion.
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NEWS
August 27, 1995 | BARBARA MARSH
It seemed so easy when Lanci and Greg Wall switched to an HMO last fall. The Dana Point couple figured they would save money. Their two young sons would keep their pediatrician. And Lanci, a breast cancer survivor whose left breast was removed seven years ago, felt assured that she could keep her oncologist. But the Walls learned the hard way how HMOs work. Though the boys could go to the same pediatrician, the plan from Greg's work did not fully cover Lanci's oncologist.
BUSINESS
October 6, 1992 | DAVID G. SAVAGE, TIMES STAFF WRITER
The Supreme Court agreed Monday to decide whether the insurance industry can be forced to pay damages for allegedly conspiring to limit some types of liability coverage. A ruling in the case, due early next year, could shake up the insurance industry. If the justices were to side with attorneys from California and 18 other states, the major insurers could face enormous damage claims.
NEWS
November 10, 1989 | KENNETH REICH, TIMES STAFF WRITER
The state's largest association of insurance agents and brokers has bitterly assailed Aetna, Cigna and four smaller insurance companies for allegedly trying to get out of the auto insurance business in California by cutting the commissions they are paying to agents, thus discouraging them from making sales. A statement issued by the Independent Insurance Agents and Brokers of California said that a year after the passage of Proposition 103, "some insurers have learned little.
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