Cigna News
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Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage
Oct 2 2023 // Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s Medicare Advantage program by making it appear patients were more ill than they actually...
Cigna Health Giant Accused of Improper Violation of California Law
Jul 27 2023 // A federal lawsuit alleges that health insurance giant Cigna used a computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. The...
Chubb to Buy Some of Cigna’s Asia-Pacific Businesses for $5.8 Billion
Oct 8 2021 // U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest...
Cigna’s CEO and Board Sued for ‘Black-Ops-Style’ Tactics to Kill Merger with Anthem
Nov 24 2020 // Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion merger with rival insurer Anthem Inc., Cigna investors claim in a...
In Anthem-Cigna Failed Merger ‘Soap Opera,’ Judge Hands Damages to Neither
Aug 31 2020 // A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust...
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