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Company: CIGNA Healthcare of Maine, Inc. and CIGNA Behavioral Health, Inc.
Current Parent Company:
Cigna
Parent at the Time of the Penalty Announcement:
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Penalty: $1,814,992
Year: 2004
Date: January 1, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: CIGNA Healthcare and CIGNA Behavioral Health agreed to pay a $900,000 penalty and $914,992 in restitution representing interest from late payment of claims, in settlement of allegations they had failed to handle claims in a timely and correct manner, along with several other violations found in a Market Conduct Examination.
Level of Government: state
Action Type: agency action
Agency: Maine Bureau of Insurance
Civil or Criminal Case: civil
Facility State: Maine
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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Notes: The copy of the Order available on agency webpage is undated
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.