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Thursday April 24th 2014

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Posts Tagged ‘Cigna’

State Tells Cigna to Stop Using Covered California Exchange Name

State Tells Cigna to Stop Using Covered California Exchange Name

California Atty. Gen. Kamala Harris told insurance giant Cigna Corp. to stop selling health plans bearing the name of California's health exchange because it was deceptive. Cigna opted out of participating in the Covered California exchange when it launched last year. But the company continued selling policies outside the exchange and labeled [...]

Cigna Paying Berkshire $2.2 Billion to Take Annuity

Cigna Paying Berkshire $2.2 Billion to Take Annuity

Cigna Corp. (CI) struck a deal with Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) that will transfer up to $4 billion in obligations pegged to once-troublesome annuity operations Cigna began winding down more than a decade ago. Despite being in wind-down mode, the businesses can still pop up as messy distractions in Cigna's financial [...]