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Company: Aetna Life Insurance Co.
Current Parent Company:
CVS Health
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $1,055,000
Year: 2012
Date: June 27, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Aetna Life agreed to pay over $1 million in settlement of allegations it deceptively sold health insurance that did not cover state mandated benefits.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
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.