Business Services Industry
CIGNA's restructuring plan signals trouble.(Column)
Business Insurance, January, 1996 by Hunter, J. Robert
CIGNA Corp.'s proposed restructuring of its property and casualty business into two companies, one a continuing "good company" and the other a runoff "bad company," in my opinion is one of the most flawed and frightening pieces of gimmickry to be foisted on policyholders and the public in recent years.
This deal threatens to undermine the insurance promise - that is, the pledge inherent in an insurance contract that the insurer will be there to pay its claims if and when they come due - and to leave policyholders high and dry. The very real danger is that the Pennsylvania insurance commissioner will turn a blind eye to this and the other flaws and give it the regulatory seal of approval. In so doing, the commissioner will further public policy hurtful to consumers...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
