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Company: Cigna Corp.
Current Parent Company:
Cigna
Parent at the Time of the Penalty Announcement:
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Penalty: $140,000,000
Year: 2004
Date: February 3, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Cigna agreed to pay $140 million to settle litigation brought by physician groups alleging the insurer underpaid them.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Florida
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.