The Colorado Division of Insurance is fining Aetna U.S. Healthcare Inc., Cigna Healthcare of Colorado Inc. and three other insurance companies for violating state insurance laws by failing to process claims accurately or on time.
Aetna has been fined $40,000 and Cigna $5,500, based on market conduct examination reports. Corporate Health Insurance Co., an affiliate of Aetna, is being fined $12,000, Mid-West National Life Insurance Company of Tennessee $40,500 and Principal Life Insurance Company $18,750.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
