Cigna settles U.S. fraud complaint

Article Abstract:

Cigna Corp. (Philadelphia, PA) has agreed to settle its double-billing fraud complaint by paying the U.S. government $8.9 million. The company admits to no wrongdoing in the process.

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Cigna still a victim of the boom-bust cycle

Article Abstract:

Cigna Corp. is still facing problems related to the boom-bust business cycle. Although the company sold its commercial and life insurance units two year ago, its remaining units, employee health and retirement plans, have been affected by decreasing investment markets and increasing medical expenses.

Securities issued, listed

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Reliance Group files for Chap. 11

Article Abstract:

Reliance Group Holdings Inc. (NY) filed for bankruptcy protection, and denies a claim made in a suit filed in Pennsylvania claiming that the company withheld money belonging to Reliance Insurance.

Organizational history, New York, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Reliance Group Holdings Inc., REL, Reliance Insurance Co.

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