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Cigna Health Care

Cigna Health Care was the first marine insurance company in the United States, and still remains the nation's oldest stockholder-owned insurer.

cigna health care

In 1792, after a series of meetings in Philadelphia's Independence Hall, a group of prominent citizens formed the Insurance Company of North America (INA), now known as Cigna Health Care.

INA issued marine policies #1 and #2, insuring the hull and cargo of the ship America on a voyage from Philadelphia to Londonderry, Northern Ireland.

In 1794 INA issues its first life policy, insuring a sea captain against death during a voyage. The policy includes a clause promising benefits if the captain is captured by Barbary Coast pirates.

In 1849 the Pennsylvania legislature approves a bill to incorporate the Insurance Company of North America, authorizing the writing of marine, fire and life policies.

Ross-Loos, the first health maintenance organization (HMO) in the United States, is established in Los Angeles. Cigna will purchase the Ross-Loos Medical Group in 1980.

At the request of the U.S. Army, INA wrote accident and health insurance policies for the thirty men working on the Manhattan Project, without being told the nature of their employment.

In 1982 Connecticut General Insurance Corporation becomes a general business corporation and is renamed Connecticut General Corporation. CG and INA announce the intent to combine Connecticut General Corporation and INA Corporation.

"CIGNA" is chosen as the name for the new concern, a combination of its predecessors' initials. On March 31, the formation of Cigna Health Care receives final regulatory approval. The Insurance Company of North America and Connecticut General Life Insurance Company become CIGNA's chief operating companies.

1983 Cigna acquires AFIA, founded in 1918, an international insurance underwriting association that reaches customers in more than 100 countries.

CIGNA Reinsurance pioneers reinsurance for organ transplants, allowing smaller insurers and HMOs to cover these rare and expensive operations.

INA acquired Dental Health, Inc. in 1987, becoming the first national carrier to enter the prepaid-dental-health market.

cigna health care

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cigna health care