Cigna critics bash restructuring plan.

National Underwriter Property & Casualty-Risk & Benefits Management, January, 1996 by Jennings, John

HARRISBURG, Pa.--Although Cigna Corp.'s proposal to split its operations into an active and a runoff division has received its fair share of criticism since it was made public last October, the harshest objections to the plan yet were voiced here during the third--and what was scheduled to be the final--session of a public hearing conducted by the Pennsylvania insurance department.

It was noted at the outset of the Dec. 28 hearing that a legal motion had been brought by various "interested parties" seeking to delay any decision on the Cigna proposal by the department until all parties are given sufficient time to review all documents and question Cigna officials. A hearing on the motion is scheduled in the state's Commonwealth Court for Jan. 4. (See NU, Dec. 25,...

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