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BUSINESS
By Patricia Meisol and Patricia Meisol,Sun Staff Writer | March 11, 1994
CIGNA HealthCare is negotiating with four physician practices with their own free-standing facilities to provide gastroenterology services to its patients statewide. The specialty network, which would be one of the first in the region, has created a furor among hospital-based doctors who would be excluded and concern among hospital officials.The Connecticut-based health insurer has notified dozens of hospital-based gastro-intestinal specialists in Maryland that their services will no longer be needed.
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HEALTH
By Andrea K. Walker | May 29, 2013
 HealthSpring, an arm of Cigna that manages Medicare plans, said Wednesday it is rebranding and changing its name to Cigna-HealthSpring. Tennessee-based HealthSpring serves more than 18,200 Medicare Advantage patients in Maryland. HealthSpring strengthened its position in the area when it acquired Maryland-based Bravo Health for $545 million in 2010. Cigna acquired HealthSpring in 2012. The new name, along with a fresher logo, will be introduced to the public through television commercials this year.
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NEWS
April 13, 2003
H. Leslie Myers, a retired Cigna Inc. attorney and World War II veteran, died of cancer Tuesday in his Bel Air home. He was 80. Mr. Myers was born in Baltimore and was raised on Fulton Avenue. He graduated from City College and attended the University of Virginia. His college studies were interrupted when he enlisted in the Army during World War II. He served in New Guinea and the Philippines before being discharged in 1945. After returning to Baltimore, he worked as an accountant for General Motors in Baltimore.
NEWS
By Andrea K. Walker | August 29, 2012
Cigna's behavioral health unit is offering free telephone counseling to Baltimore County residents in wake of the school shooting at Perry Hall High on Monday. The counseling is for those having a hard time coping with the shooting and will be offered for a week. Fifteen-year-old Robert Wayne Gladden Jr. has been charged with shooting a classmate on the first day of school Monday.  Cigna said the counselors are qualified clinicians trained in helping people deal with traumatic events.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | February 11, 2003
Some health plans generate a lot more consumer complaints than others - and the Maryland Insurance Administration released yesterday its first-ever report comparing complaint rates for different insurers. Insurance Commissioner Steven B. Larsen said the report was designed to help consumers choose health plans, but his department might also use the data to examine the "market conduct" of insurers with high rates of complaints. The report divides complaints into two categories: disputes over whether a given service is medically necessary (if it isn't, the insurer doesn't have to pay)
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | February 27, 1997
Cigna Corp. assumed control of a majority of the Point Breeze Business Center in Southeast Baltimore yesterday, submitting a lone bid of $25.2 million at an auction on the 130-acre property.The insurance company's bid caps one of the largest commercial real estate foreclosures in Baltimore in the past decade, a fight sparked by a loan default by a partnership led by AEW Capital Management Inc., a Boston pension fund consultant.With the auction, Cigna takes possession of seven buildings totaling 1.97 million square feet of office and warehouse space, adjacent to the General Motors Corp.
BUSINESS
By BLOOMBERG NEWS | July 29, 1997
FORT WAYNE, Ind. -- Lincoln National Corp. said yesterday that it will buy Cigna Corp.'s individual life insurance business for $1.4 billion, making it the eighth-largest U.S. retirement savings and life insurance company.The purchase would give Lincoln $37 billion of individual life insurance policies sold through a network of more than 600 Cigna agents.Lincoln's assets would climb to about $56.45 billion from $49.95 billion based on last year's figures, putting it ahead of insurers including the Equitable Cos.' Equitable Life Assurance Society, according to A. M. Best Co.The announcement comes at a time when life insurers are buying rivals to boost revenue and cut costs.
HEALTH
By Andrea K. Walker | May 29, 2013
 HealthSpring, an arm of Cigna that manages Medicare plans, said Wednesday it is rebranding and changing its name to Cigna-HealthSpring. Tennessee-based HealthSpring serves more than 18,200 Medicare Advantage patients in Maryland. HealthSpring strengthened its position in the area when it acquired Maryland-based Bravo Health for $545 million in 2010. Cigna acquired HealthSpring in 2012. The new name, along with a fresher logo, will be introduced to the public through television commercials this year.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | February 20, 1997
Cigna Corp., in one of the city's largest commercial real estate foreclosures of the past decade, intends to auction the Point Breeze Business Center next week.The Connecticut-based life insurer's action involving Point Breeze, a 130-acre business park in South Baltimore, stems from a default on a $36.3 million loan and failure to pay $1.06 million in property taxes, according to city court records.The loan, owed by a partnership led by Boston pension fund adviser AEW Capital Management Inc. and involving local developer Creaney & Smith Properties Inc., dates to August 1989 and came due last summer, according to city records.
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | June 3, 2000
In a move that will affect 8,100 Maryland senior citizens, CIGNA HealthCare announced yesterday that it is pulling out of the Medicare HMO business in the mid-Atlantic region and 12 other markets. The Connecticut-based health maintenance organization said it could not remain competitive because government reimbursement rates were not keeping pace with rising medical costs. Federal laws require that Medicare HMOs notify the Health Care Financing Administration, which oversees Medicare, by July 31 if they plan to leave.
HEALTH
By Meredith Cohn, The Baltimore Sun | January 31, 2012
Connecticut-based Cigna Corp. said Tuesday that it has closed on its $3.8 billion acquisition of HealthSpring Inc., a health care company that specializes in the Medicare Advantage market. HealthSpring bought Baltimore-based Bravo Health last year for $545 million and employs about 700 people in the area. A spokeswoman said she didn't believe there would be significant cuts because Cigna doesn't have a big role in the Medicare Advantage market now. "We expect the workforce to remain in the market because Cigna has a limited presence in the market, pretty much just in Phoenix," said Graham Harrison, the HealthSpring spokeswoman.
BUSINESS
August 5, 2004
LOCALLY Ciena Corp. Shares of the Linthicum-based fiber-optics maker tumbled 68 cents, or 24.7 percent, to $2.08 yesterday, their all-time low, after the company said it expected third-quarter sales of $75 million, far below analysts' estimates of $95.4 million. Ciena's shares, which once traded about $150, are down nearly 68 percent from their 2004 high of $6.41 on Feb. 17. NATIONALLY Cigna Corp. The insurer tumbled $1.98, or 3.2 percent, to $60.60, despite beating expectations by an impressive 50 cents per share.
NEWS
April 13, 2003
H. Leslie Myers, a retired Cigna Inc. attorney and World War II veteran, died of cancer Tuesday in his Bel Air home. He was 80. Mr. Myers was born in Baltimore and was raised on Fulton Avenue. He graduated from City College and attended the University of Virginia. His college studies were interrupted when he enlisted in the Army during World War II. He served in New Guinea and the Philippines before being discharged in 1945. After returning to Baltimore, he worked as an accountant for General Motors in Baltimore.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | February 11, 2003
Some health plans generate a lot more consumer complaints than others - and the Maryland Insurance Administration released yesterday its first-ever report comparing complaint rates for different insurers. Insurance Commissioner Steven B. Larsen said the report was designed to help consumers choose health plans, but his department might also use the data to examine the "market conduct" of insurers with high rates of complaints. The report divides complaints into two categories: disputes over whether a given service is medically necessary (if it isn't, the insurer doesn't have to pay)
BUSINESS
By BLOOMBERG NEWS | December 14, 2002
PHILADELPHIA - Cigna Corp. shares fell as much as 4.6 percent yesterday, a day after a federal judge blocked a $200 million settlement of doctors' lawsuits over unpaid medical claims, ruling the insurer used "underhanded maneuvers" to obtain the agreement. Shares of Philadelphia-based Cigna, the third-biggest U.S. health insurer, fell $1.24 to close at $42.03 in trading on the New York Stock Exchange. The shares, which have fallen 53 percent over the last 12 months, traded as low as $41.30 earlier yesterday.
NEWS
By Laura Cadiz and Laura Cadiz,SUN STAFF | May 20, 2001
When Carl Danz died after a 1999 accident in Wisconsin, his family in Pasadena immediately assumed his death was caused by the crash - the truck he was driving had rolled and flipped on a highway. But more than a month later, they received the death certificate that listed the cause of death as an "acute myocardial infarction," a heart attack, leaving Danz's two sons unable to collect the $1 million from their father's accidental-death insurance policies. "It was quite a shock," said C. Russell Danz, one of Danz's sons, who have sued Cigna Corp.
NEWS
By Scott Wilson and Scott Wilson,SUN STAFF | September 22, 1996
The Gary administration, elected two years ago promising to fix the county's snarled retirement system, believes the solution to Anne Arundel County's pension troubles may be locked in a file cabinet in Hartford, Conn.There, at the giant Cigna Insurance Co. headquarters, is a drawer full of paperwork the county's lawyers say was collected as a defense to a lawsuit that never was filed.Cigna was the actuary for Anne Arundel's $750 million pension fund during the 1980s, when the County Council created one of Maryland's most generous retirement plans for top officials.
NEWS
January 29, 1997
Robert D. Kilpatrick,72, who helped form Cigna Corp. and build it into one of the nation's largest insurance companies, died of bone marrow cancer Monday in Richmond, Va.As president and chief executive officer of the insurance company Connecticut General, he played a leading role in bringing about a merger with INA Corp. in 1982 that formed Cigna. Under Mr. Kilpatrick's leadership, Cigna became a major commercial and casualty insurance company, and developed the base that would later allow it to become prominent in the business of health maintenance organizations.
ENTERTAINMENT
By Sloane Brown | September 24, 2000
A smoky atmosphere surrounded the Star-Spangled Banner Flag House and 1812 Museum as it commemorated the 186th anniversary of the Battle of Baltimore. But the breeze bore the trademark scent of hamburgers on the grill rather than the acrid aftermath of burned gunpowder. Good thing. Conflict was the furthest thing from the agenda at the Flag House's first annual Bombardment of Baltimore Bash. Some 250 folks enjoyed an outdoor picnic and toured the house where Mary Pickersgill sewed the flag that inspired Francis Scott Key to write the national anthem.
NEWS
By Laura Lippman and Laura Lippman,SUN STAFF | September 7, 2000
For more than a half-century, one of the few constants in Jack Mowll's life has been his house, a onetime chicken farm that had been transformed into a rambling old "shore home" on the banks of Sue Creek, on the Back River peninsula of Baltimore County. It wasn't his childhood home -- he was 22 when his parents bought the house in 1938. Four years later, he scraped up $4,000 to buy it from them. Since then, he has managed to hold onto it despite consulting jobs that sent him everywhere from Philadelphia to the Philippines.
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