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BUSINESS
July 1, 1989 | Leslie Berkman, Times staff writer
The $23-million sale of San Clemente General Hospital to a group of staff doctors was completed Friday, more than a year after they launched a bid to buy the 116-bed general acute-care facility from a bankrupt hospital chain. In one of their first moves, the new owners changed the hospital's name to Samaritan Medical Center-San Clemente.
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BUSINESS
December 22, 2007 | Molly Hennessy-Fiske, Times Staff Writer
The case of a Northridge teenager taken off life support just as her insurance company reversed itself and agreed to pay for a liver transplant is highlighting tensions among physicians, patients and insurers over the definition of experimental procedures. Nataline Sarkisyan's family blames their insurance company, Cigna HealthCare, for the teenager's death Thursday.
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BUSINESS
December 14, 1995 | Times Staff and Wire Reports
Cigna Insurance Group Fined $442,500: A one-year investigation found that the company had not filed proper rate increase applications in 255 of 468 policies for commercial property and casualty, commercial auto, directors and officers liability, marine and aviation lines. A small group of clients was therefore charged $1.3 million more in rates than had been approved, California Insurance Commissioner Chuck Quackenbush said.
BUSINESS
December 23, 1998 | SHARON BERNSTEIN, TIMES STAFF WRITER
Cigna Corp., the last major insurance company to combine health-care and employee benefits with other traditional insurance products, is negotiating to sell its property and casualty business for about $3 billion, the company confirmed Tuesday. In its efforts to shed this part of its business, Cigna joins other insurers that have decided that the only way to survive in the difficult era of managed care is to specialize.
BUSINESS
April 22, 1992 | From Times Staff and Wire Reports
Cigna Pays $150,000 to Settle Charges: The Cigna insurance companies agreed to pay $150,000 to settle charges of repeatedly failing to calculate premiums according to filed plans, Insurance Commissioner John Garamendi said. Cigna admitted no wrongdoing in agreeing to the fine, described as the largest ever assessed by the Insurance Department for violating insurance rating law.
NEWS
July 29, 1989 | PHILIP HAGER, Times Staff Writer
A federal judge intends to dismiss a massive suit by California and 18 other states accusing some of the nation's largest insurers of conspiring to unfairly limit liability coverage for government and business, lawyers said Friday. In a tentative opinion, U.S. District Judge William W. Schwarzer concluded that the defendants are immune under an act that grants an exemption to insurance companies from most federal antitrust laws, the attorneys said.
BUSINESS
December 23, 1998 | SHARON BERNSTEIN, TIMES STAFF WRITER
Cigna Corp., the last major insurance company to combine health-care and employee benefits with other traditional insurance products, is negotiating to sell its property and casualty business for about $3 billion, the company confirmed Tuesday. In its efforts to shed this part of its business, Cigna joins other insurers that have decided that the only way to survive in the difficult era of managed care is to specialize.
NEWS
March 23, 1988 | KENNETH REICH, Times Staff Writer
The attorneys general of California and eight other states filed lawsuits Tuesday accusing major U.S. and British insurance companies of conspiring to restrict the availability of liability insurance for government and business and to eliminate coverage for damage from environmental pollution. As a result, the suits allege, rates skyrocketed in what became known as the liability crisis.
BUSINESS
December 22, 2007 | Molly Hennessy-Fiske, Times Staff Writer
The case of a Northridge teenager taken off life support just as her insurance company reversed itself and agreed to pay for a liver transplant is highlighting tensions among physicians, patients and insurers over the definition of experimental procedures. Nataline Sarkisyan's family blames their insurance company, Cigna HealthCare, for the teenager's death Thursday.
BUSINESS
December 14, 1995 | Times Staff and Wire Reports
Cigna Insurance Group Fined $442,500: A one-year investigation found that the company had not filed proper rate increase applications in 255 of 468 policies for commercial property and casualty, commercial auto, directors and officers liability, marine and aviation lines. A small group of clients was therefore charged $1.3 million more in rates than had been approved, California Insurance Commissioner Chuck Quackenbush said.
BUSINESS
April 22, 1992 | From Times Staff and Wire Reports
Cigna Pays $150,000 to Settle Charges: The Cigna insurance companies agreed to pay $150,000 to settle charges of repeatedly failing to calculate premiums according to filed plans, Insurance Commissioner John Garamendi said. Cigna admitted no wrongdoing in agreeing to the fine, described as the largest ever assessed by the Insurance Department for violating insurance rating law.
NEWS
July 29, 1989 | PHILIP HAGER, Times Staff Writer
A federal judge intends to dismiss a massive suit by California and 18 other states accusing some of the nation's largest insurers of conspiring to unfairly limit liability coverage for government and business, lawyers said Friday. In a tentative opinion, U.S. District Judge William W. Schwarzer concluded that the defendants are immune under an act that grants an exemption to insurance companies from most federal antitrust laws, the attorneys said.
BUSINESS
July 1, 1989 | Leslie Berkman, Times staff writer
The $23-million sale of San Clemente General Hospital to a group of staff doctors was completed Friday, more than a year after they launched a bid to buy the 116-bed general acute-care facility from a bankrupt hospital chain. In one of their first moves, the new owners changed the hospital's name to Samaritan Medical Center-San Clemente.
NEWS
March 23, 1988 | KENNETH REICH, Times Staff Writer
The attorneys general of California and eight other states filed lawsuits Tuesday accusing major U.S. and British insurance companies of conspiring to restrict the availability of liability insurance for government and business and to eliminate coverage for damage from environmental pollution. As a result, the suits allege, rates skyrocketed in what became known as the liability crisis.
CALIFORNIA | LOCAL
November 6, 1990
A $17,500 reward for information leading to the recovery of three pieces of pre-Columbian art that were stolen from Mingei International Museum of World Folk Art is being offered by the insurance company that underwrites the exhibition. The New York-based Cigna Insurance Co. put up the reward in the hope that it would yield information in an investigation that has gone cold, said William F. Smith, a representative for the company who works solely with fine arts.
BUSINESS
April 24, 1995 | Times Staff and Wire Reports
John E. Cox has been appointed executive vice president and chief operating officer of Safeguard Health Enterprises Inc., an Anaheim managed care dental program. He had been with Cigna Dental Health Co., a unit of Cigna Insurance Co., for 10 years. Also, Thomas C. Tekulve has been named vice president of accounting, finance and information systems. He was previously with Beckman Instruments for 11 years, most recently as director of finance for international operations.
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