Business Services Industry
Aetna, St. Paul Travelers, other insurers look for abuses.
Knight Ridder/Tribune Business News, October, 2004
The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Oct. 29--Aetna Inc. and The St. Paul Travelers Cos. Inc., subpoenaed in insurance industry price-fixing probes, are combing their companies for potential wrongdoing -- and Aetna says it hasn't found any so far.
St. Paul Travelers' chief executive, Jay Fishman, said Thursday his company, with the help of outside lawyers, is "looking closely at our own practices," and if it finds inappropriate behavior "will deal with it swiftly." At Aetna, "we have already reviewed thousands of documents and have interviewed numerous individuals regarding these matters," chief executive Dr. John W. Rowe told analysts on a conference call Thursday. The documents, he said in an interview later,...
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