Cigna Milestones

2012 - Growth in Medicare

Summary :

2012 — Growth in Medicare

Health Spring acquisition

Summary:

Cigna acquires Health Spring to grow in the senior and Medicare segment.

2011 - The year of GO YOU

Summary :

2011 — The year of GO YOU

New logo and more

Summary:

Cigna adopts a new logo to reflect the GO YOU business philosophy and relocates its corporate headquarters to Bloomfield, Conn.

New overseas operations

Summary:

Cigna opens operations in Singapore, Turkey (FirstAssist acquisition) and India (joint venture with TKK Group).

2010 - International and case management growth

Summary :

2010 — International and case management growth

CIGNA grows International business

Summary:

CIGNA becomes the international leader in benefits for people living abroad with the acquisition of Vanbreda International.

New health coaching services

Summary:

The acquisition of Kronos Optimal Health adds a suite of heath coaching services.

CIGNA sells Intracorp

Summary:

CIGNA sells Intracorp’s workers’ compensation and disability case management business to GENEX.

First outcomes-based pharmacy contract

Summary:

CIGNA contracts with Merck & Co. for the medications Januvia® and Janumet®, marking the first outcomes-based pharmacy contract in the United States.

2009 - Overseas to China and around the clock service

Summary :

2009 — Overseas to China and around the clock service

First comprehensive health care product in China

Summary:

CIGNA & CMC Life Insurance Company Limited, a joint venture between CIGNA and China Merchants Group, announced the launch of its first comprehensive health care product in China.

CIGNA is first to offer live 24/7/365 access

Summary:

CIGNA became the first and only health service company to offer live 24/7/365 access to its call center service representatives for medical, dental and pharmacy plan customers and contracted health care professionals.

2008 - CIGNA goes West

Summary :

2008 — CIGNA goes West 

Great-West Healthcare acquisition

Summary:

CIGNA acquires Great-West Healthcare, the Healthcare Division of Great-West Life & Annuity, with a network of approximately 4,275 hospitals and over 575,000 physicians and ancillary health care professionals. Great-West's Alta Health and Life Insurance Company, renamed Cigna Health and Life Insurance Company in 2010, continues to focus on health care solutions.

2007 - Advances in health care operations

Summary :

2007 — Advances in health care operations

Sagamore Health Network, Inc. acquisition

Summary:

CIGNA acquires Sagamore Health Network, Inc., which provides access to an extensive preferred provider organization network and offers a broad range of utilization review and case management services.

Delivering health and wellness programs

Summary:

Health Solutions unit formed to integrate CIGNA Behavioral Health, vielife and CareAllies brands and operations to deliver health and wellness programs.

Advancing practices in health care

Summary:

The Global Knowledge Exchange Network (GKEN) is created through a $1 million grant from the CIGNA Foundation. GKEN brings leaders from government, health care, business, philanthropy, academia and health insurance companies together to advance better practices in health care.

2006 - Voluntary benefits and online tools expand

Summary :

2006 — Voluntary benefits and online health care tools

Star HRG acquisition

Summary:

CIGNA acquires Star HRG, an operating division of HealthMarkets, Inc., and a leading provider of voluntary, limited benefit, low-cost health plans and employee benefits for hourly and part-time workers and their families.

CIGNA acquires UK-based vielife Limited

Summary:

CIGNA expands its consumer engagement and health advocacy capabilities through its acquisition of privately held vielife Limited, a U.K.-based leading provider of integrated online health management and coaching programs.

2005 - Benefits technology and management

Summary :

2005 — Benefits technology and management

CIGNA expands Consumer Directed programs

Summary:

CIGNA expands Consumer Directed programs and receives top awards for "Best Health Plan Initiative for Consumer Directed Health Care" and "Best Technology Introduced by a Health Plan Organization for Employee/Consumer Choice."

Choicelinx Corp acquisition

Summary:

CIGNA acquires Choicelinx Corp., a benefits technology and services company based in Manchester, N.H.

CareAllies introduction

Summary:

CIGNA introduces CareAllies for clinical management and health advocacy programs.

2004 - Health care offerings

Summary :

2004 — Health care offerings

New health care products

Summary:

CIGNA sells its Retirement Benefits business to Prudential Financial further focusing on health care. New health care product offerings include the CIGNATURE© suite of products and CIGNA Choice Fund®.

2002 - Best in Show

Summary :

2002 — Best in Show

CIGNA enters Chinese life insurance market

Summary:

CIGNA receives approval to enter the Chinese life insurance market, the first established after China becomes a member of the World Trade Organization. Later in the year, CIGNA establishes a joint venture to market life insurance in Shenzhen.

myCIGNA web portal recognized

Summary:

The myCIGNA.com web portal receives “Best in Show” honors by Business Insurance.

CIGNA Vision Care

Summary:

CIGNA Vision Care is formed to extend the breadth of CIGNA's speciality health care capabilities.

2001 - Recognition of work/life programs

Summary :

2001 — Recognition of work/life programs

CIGNA Behavioral Health extends post-9/11 services

Summary:

To help people cope with the stress and anxiety caused by the September 11, 2001 terrorist attacks, CIGNA Behavioral Health extends counseling assistance to any member of the public. Other CIGNA companies extend hours, suspend or relax requirements and take additional steps to help customers.

National recognition for work/life programs

Summary:

CIGNA receives national recognition as a top employer for work/life programs. CIGNA appears on Latina Style's list for the fourth consecutive year and on Working Mother's list for the tenth consecutive year. The National Association of Executive Women then recognizes CIGNA for its work/life programs and the percentage of women in executive positions in 2002.

A best place to work in information technology

Summary:

Computerworld names CIGNA one of the best places to work in information technology for the fourth consecutive year.

2000 - Sharpening focus

Summary :

2000 — Sharpening focus

TimesSquare Capital Management, Inc. launch

Summary:

CIGNA launches TimesSquare Capital Management, Inc. as the company's independent, dedicated asset-management operation focused on meeting the investment needs of the institutional marketplace.

Cigna refocuses insurance products

Summary:

CIGNA sells its U.S. accidental death, individual life and group life reinsurance businesses to a subsidiary of Swiss Reinsurance Company, further focusing its strategic direction.

1999 - Focus on global health and life

Summary :

1999 — Focus on global health and life

CIGNA sells property-casualty business to ACE Limited

Summary:

CIGNA completes the sale of its property-casualty domestic and international businesses to ACE Limited of Hamilton, Bermuda. This enables CIGNA to focus its resources on its global health, life and pension businesses.

1998 - CIGNA's stock rises

Summary :

1998 — CIGNA's stock rises

CIGNA sells life insurance and annuities business

Summary:

In January, CIGNA completes the sale of its individual life insurance and annuities businesses to Lincoln National Corporation.

CIGNA stock breaks $200 per share early in the year

Summary:

In February, the value of CIGNA common stock exceeds $200 per share for the first time, and on May 4, CIGNA's common stock splits three-for-one.

SmartSteps launch

Summary:

CIGNA Health Management launches SmartSteps, its industry-leading disease management program for chronic conditions.

1997 - CIGNA serves under represented areas

Summary :

1997 — CIGNA serves under represented areas

Healthsource acquisition

Summary:

CIGNA acquires Healthsource, a New Hampshire-based health care company. Healthsource's products and markets compliment CIGNA's and serve areas of the United States where health maintenance organizations are under represented.

1996 - Essential CIGNA launches

Summary :

1996 — Essential CIGNA launches

CIGNA expands dental offerings

Summary:

CIGNA launches a dental preferred provider organization to complement its industry leading indemnity and prepaid dental offerings.

CIGNA Financial Services is born

Summary:

CIGNA Financial Services, member NASD/SIPC, opens in July. The discount brokerage, based in Hartford, Conn., offers a broad range of investment choices, including IRAs, mutual funds, stocks and fixed-income securities.

1995 - CIGNA stock breaks $100 per share mark

Summary :

1995 — CIGNA stock breaks $100 per share mark

CIGNA stock rises

Summary:

The value of CIGNA 's common stock exceeds $100 per share for the first time.

1994 - CIGNA focuses on areas of need

Summary :

1994 — CIGNA focuses on areas of need

Cigna opens Beijing office

Summary:

CIGNA International opens an office in Beijing, China, forty-three years after exiting the mainland market.

CIGNA launches behavioral disability benefits management

Summary:

MCC Behavioral Health begins providing behavioral-health disability-benefits management programs.

CIGNA sponsors the March of Dimes

Summary:

CIGNA joins the March of Dimes fight for healthy babies as a national sponsor of the annual walk-a-thon. In the first 5 years of sponsorship, 22,431 employees walk at over 80 sites, helping to raise $7.6 million.

1993 - The Tree of Life

Summary :

1993 — The Tree of Life

CIGNA's new corporate logo

Summary:

CIGNA adopts the new "Tree of Life" corporate symbol.

Tel-Drug purchase

Summary:

CIGNA purchases Tel-Drug, a mail-order pharmaceutical company to merge with RxPRIME, a CIGNA-managed pharmacy benefit program formed in 1992.

1992 - CIGNA is 200

Summary :

1992 — CIGNA is 200

CIGNA celebrates 200 years

Summary:

The CIGNA companies celebrate their bicentennial.

1991 - Best corporate education improvement program

Summary :

1991 — Best corporate education improvement program

Business Week recognizes CIGNA education program

Summary:

Business Week recognizes CIGNA’s employee-staffed tutoring program for elementary school students as one of the United States’ premier corporate-sponsored education programs. The Conference Board gives the project its "Best in Class" award, recognizing the initiative as the best corporate education improvement program in the country.

1990 - CIGNA expands network

Summary :

1990 — CIGNA expands network

EQUICOR acquisition

Summary:

CIGNA acquires EQUICOR, the nation's sixth-largest provider of employee benefits. EQUICOR’s network of health plans complement CIGNA’s.

1989 - International and mental health business expands

Summary :

1989 — International and mental health business expand

CIGNA moves to Center City, Philadelphia

Summary:

CIGNA moves its corporate headquarters into One Liberty Place, part of a new development in the Philadelphia, Pa. Center City district. In 1991, most of CIGNA’s Philadelphia-based operations will be consolidated in Two Liberty Place.

CIGNA International Financial Services is born

Summary:

CIGNA International Financial Services is formed to provide life and health insurance outside the United States.

MCC Companies acquisition

Summary:

CIGNA acquires the MCC Companies, a national leader in managed mental health care and substance abuse programs, founded in 1974. These companies are rebranded as CIGNA Behavioral Health, Inc. in 1999.

1987 - CIGNA serves Allied-Signal

Summary :

1987 — CIGNA serves Allied-Signal

Employee Benefits for Allied-Signal employees

Summary:

CIGNA’s Employee Benefits Division sells an innovative, flexible managed health and dental care program to Allied-Signal, covering 37,000 salaried and non-union employees. The plan is so successful that within three years enrollment climbs to 110,000 employees and dependents.

1984 - Leadership in new arenas

Summary :

1984 — Leadership in new arenas

AFIA acquisition

Summary:

CIGNA acquires the American Foreign Insurance Association (AFIA), founded in 1918, an international insurance underwriting association that reaches customers in more than 100 countries.

CIGNA first to offer prepaid dental

Summary:

CIGNA acquires Dental Health, Inc., becoming the first national carrier to enter the prepaid dental health market.

Reinsuring organ transplants

Summary:

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

1983 - CIGNA selects Philadelphia as headquarters

Summary :

1983 — CIGNA selects Philadelphia as headquarters

Philadelphia chosen as headquarters

Summary:

Philadelphia, Pa. chosen as CIGNA headquarters.

1982 - INA and CG become CIGNA

Summary :

1982 — INA and CG become CIGNA

CIGNA is born

Summary:

CIGNA is chosen as the name for the new concern, an anagram of INA Corporation (INA) and Connecticut General Corporation’s (CG’s) initials. Final regulatory approval of CIGNA’s formation occurs on March 31st.  The Insurance Company of North America and Connecticut General Life Insurance Company become CIGNA’s chief operating companies.

1981 - Announcement of Combination of INA and CG

Summary :

1981 — Announcement of the combination of INA and CG

CG becomes a general business corporation

Summary:

Connecticut General Insurance Corporation becomes a general business corporation and is renamed Connecticut General Corporation.

INA and CG merge

Summary:

Connecticut General Corporation (CG) and INA Corporation (INA) announce their intent to combine their operations. It would be the largest merger of two financial services companies to date.

1980 - HMO leadership

Summary :

1980 — HMO leadership

INA purchases the nation's oldest HMO

Summary:

INA Corporation (INA) purchases the nation's oldest health maintenance organization (HMO), the Ross-Loos Medical Group, founded in 1923 and headquartered in Los Angeles.

1978 - Expansion into the HMO business

Summary :

1978 — Expansion into the HMO business

Creating an HMO for Dallas

Summary:

INA Corporation (INA) enters the prepaid health plan business by acquiring HMO International of Los Angeles. A year later, INA expands its activities in this area by acquiring ABC-HMO of Phoenix, Ariz., and organizing a health maintenance organization (HMO) to serve Dallas, Texas.

1977 - Looking at health care costs

Summary :

1977 — Looking at health care costs

Helping employers manage costs

Summary:

Connecticut General Insurance Corporation sets up a cost-containment organization in the Medical Program Department to help employers manage the cost of benefit programs.

1976 - Streamlining operations

Summary :

1976 — Streamlining operations

Expansion and unification

Summary:

INA International Corporation unifies the management of INA Corporation’s (INA’s) expanding international insurance, reinsurance and insurance services operation.

1975 - Supporting working mothers

Summary :

1975 — Supporting working mothers

On-site daycare first for Hartford employer

Summary:

Connecticut General Insurance Corporation becomes the first large Hartford, Conn.-area employer to provide its employees with on-site day-care facilities. In 1982, a new custom-built day-care center opens.

1974 - Employee assistance programs

Summary :

1974 — Employee assistance programs

Offering mental health programs

Summary:

The Metropolitan Clinics of Counseling (MCC) mental-health clinics are founded in Minneapolis, Minn. One year later, MCC begins offering employee assistance programs (EAP) to employers. MCC will be acquired by CIGNA in 1989.

1970 - Containing costs

Summary :

1970 — Containing costs

INA forms International Rehabilitation Associates

Summary:

INA Corporation (INA) forms International Rehabilitation Associates (IRA) to market professional rehabilitation services to insurance companies and other organizations. IRA is the first medical cost-containment business in the United States. Utilization review, second-opinion surgery, disease management and other cost-containment initiatives are added as IRA grows, and all services are marketed under the name Intracorp beginning in 1982.

1969 - A new concept in HMOs

Summary :

1969 — A new concept in HMOs

Serving a planned city, Columbia, Md.

Summary:

Connecticut General Insurance Corporation establishes a health maintenance organization to serve Columbia, Md.

1968 - A family of funds

Summary :

1968 — A family of funds

CG forms investment fund family and agent training

Summary:

Connecticut General Insurance Corporation (CG) organizes the first three of what will become a family of mutual funds: CG Fund, CG Income Fund and Companion Fund. At the same time, the company launches an initiative to qualify its career agents to market the funds to clients.

1967 - Era of expansion

Summary :

1967 — Era of expansion

Multiline insurer

Summary:

Connecticut General Life Insurance Company forms Connecticut General Insurance Corporation (CG), a holding company, to increase the number of insurance and investment products that can be offered.

Business expansion

Summary:

Insurance Company of North America forms INA Corporation (INA) to expand into insurance-related and non-insurance businesses.

1966 - Serving the disabled

Summary :

1966 — Serving the disabled

MEND initiative grows throughout INA

Summary:

INA expands Medical and Educational Needs for the Disabled (MEND) throughout the United States. Under the leadership of George Welch, rehabilitation specialists are soon working with claims personnel in each of INA's fifty service offices.

1965 - People-to-people

Summary :

1965 — People-to-people

INA acquires Pacific Employers Group

Summary:

INA acquires Pacific Employers Group (PEG, which includes Pacific Employers Insurance Company) to establish a stronger presence on the U.S. West Coast and expand its workers' compensation business.

Partnering with Project Friendship

Summary:

INA partners with its agents and brokers in Project Friendship to sponsor CARE packages. Widely hailed as a unique blend of humanitarianism and business in a people-to-people program, Project Friendship raises the equivalent of 468 tons of food in its first year.

1964 - Introducing dental

Summary :

1964 — Introducing dental

CG offers dental to employers

Summary:

Connecticut General Life Insurance Company (CG) introduces group dental insurance for any employer with at least 35 employees.

1963 - Investing in a vision

Summary :

1963 — Investing in a vision

CG participates in a planned community

Summary:

Connecticut General Life Insurance Company (CG) begins investment in the new city of Columbia, Md., a planned community designed by James Rouse. CIGNA will sell its 80 percent interest in 1985.

1961 - Blazing new trails

Summary :

1961 — Blazing new trails

Serving investors with equities

Summary:

After leading the struggle to change laws in Connecticut regulating the investment of insurance premiums, Connecticut General Life Insurance Company organizes its first separate account for pension clients wishing to invest funds primarily in equities.

Managing medical costs

Summary:

Pacific Employers Insurance Company (PEIC), founded in Los Angeles in 1923, initiates Medical and Educational Needs for the Disabled program to manage workers' compensation cases using caseworkers to develop and monitor individualized programs of therapy. This is one of the first medical cost-containment initiatives in the U.S., and a forerunner of managed care programs. INA will acquire PEIC in 1965.

1959 - CG enters the computer age

Summary :

1959 — CG enters the computer age

CG begins electronic data processing

Summary:

Connecticut General Life Insurance Company (CG) purchases an RCA 501 computer and begins to apply electronic data processing to its insurance operations.

1958 - INA enters the computer age

Summary :

1958 — INA enters the computer age

INA begins data processing

Summary:

INA installs its first electronic data-processing system based on an IBM 705 computer.

1957 - Beginning in Bloomfield

Summary :

1957 — Beginning in Bloomfield

CG moves to Bloomfield, Conn.

Summary:

Connecticut General Life Insurance Company (CG) moves to its new home office to rural Bloomfield, Conn., six miles from Hartford. CG is at the vanguard of the development of office parks.

1956 - New markets

Summary :

1956 — New markets

INA enters life and group insurance market

Summary:

INA organizes the Life Insurance Company of North America (LINA) to write life and group insurance.

1950 - A year of landmark firsts

Summary :

1950 — A year of landmark firsts

First major medical policy for CG employees

Summary:

Connecticut General Life Insurance Company (CG) introduces medical catastrophe (major medical) insurance, writing the first policy in the United States for its own employees.

First women officers

Summary:

Charlotte Cowan becomes Connecticut General Life Insurance Company’s first woman officer when she is appointed assistant controller. INA's first woman officer will be Ruth Salzmann, promoted in 1960 to associate actuary.

1947 - Serve first legacy

Summary :

1947 — Serve first legacy

CG successfully markets life insurance

Summary:

Under the leadership of Stuart Smith, estate planning becomes Connecticut General Life Insurance Company’s (CG's) uniform method of marketing individual life insurance. Although copied by competitors, CG gains a strong position in the sale of life insurance to wealthy Americans.

1946 - Underwriting overseas

Summary :

1946 — Underwriting overseas

INA establishes international services

Summary:

INA establishes an international department to coordinate underwriting and services in Europe, Asia, Africa, the Near East and Central and South America.

1945 - A foundation for the future

Summary :

1945 — A foundation for the future

INA's in-house training

Summary:

INA establishes in-house training for employees and agents.

1942 - The Manhattan Project

Summary :

1942 — The Manhattan Project

INA answers U.S. Army request

Summary:

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

1937 - A leader in group health

Summary :

1937 — A leader in group health

Group hospital and surgical benefits

Summary:

Connecticut General Life Insurance Company takes a leading role in the development of group hospital and surgical benefits, firmly establishing itself as a leading provider of group health insurance.

1929 - First HMO established in Los Angeles

Summary :

1929 — First HMO established in Los Angeles

Ross-Loos breaks new ground

Summary:

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

CG offers group pensions

Summary:

Connecticut General Life Insurance Company (CG) establishes a group pension department.

1926 - Insuring the Age of Flight

Summary :

1926 — Insuring the Age of Flight

Meeting the needs of a new industry

Summary:

Both INA and Connecticut General Life Insurance Company (CG) begin to insure the Age of Flight. INA joins a syndicate to insure aircraft, and CG writes the first individual accident coverage offered to passengers of regularly scheduled airlines. In later years, CG pioneers the writing of group contracts for the employees of many of the nation's fledgling airlines and aircraft manufacturing companies.

CG moves to Hartford

Summary:

Connecticut General Life Insurance Company (CG) moves into its new home office building, modeled on an Italian palazzo, at 55 Elm Street in Hartford, Conn. at a corner of Bushnell Park.

1925 - INA moves to new gateway

Summary :

1925 — INA moves to new gateway

INA embraces new development

Summary:

INA moves into its new home office building at 1600 Arch Street in Philadelphia, Pa. across town from the city’s traditional business center, and the gateway to the Benjamin Franklin Parkway, just being developed.

1924 - CG branches out

Summary :

1924 — CG branches out

First branch office

Summary:

Connecticut General Life Insurance Company (CG) opens its first branch office in Chicago, Ill. beginning a trend away from the general agency system.

First group pension

Summary:

Connecticut General Life Insurance Company (CG) writes its first group pension contract.

1919 - Beginnings of health coverage offerings

Summary :

1919 — Beginnings of health coverage offerings

CG offers new coverage

Summary:

Connecticut General Life Insurance Company (CG) introduces group accident and sickness coverage.

A new reinsurance business

Summary:

Connecticut General Life Insurance Company (CG) sets up a separate reinsurance bureau within the Actuarial Department to manage the company's expanding reinsurance activities.

1918 - First foray overseas

Summary :

1918 — First foray overseas

INA represents AFIA

Summary:

Representatives from a group of United States-based insurance companies meet in New York City to form the American Foreign Insurance Association (AFIA). INA is one of the founding members. Over the next few years, member companies open offices in Japan, Thailand, Indonesia, Singapore, Korea, the Philippines, New Zealand, the Mediterranean area, South America, India, the Near East and Europe. INA represents the consortium in eight of these markets. INA withdraws in 1921, and a decade later independently pursues international growth.

CG writes group policy for Gulf Oil

Summary:

Connecticut General Life Insurance Company (CG) establishes a separate Group Department and sells its first large case, covering 5,400 employees of Gulf Oil.

1913 - First group life policy

Summary :

1913 — First group life policy

CG covers the Hartford Courant

Summary:

Connecticut General Life Insurance Company (CG) writes its first group life insurance contract covering 100 employees of The Hartford Courant newspaper.

1912 - CG offers accident product

Summary :

1912 — CG offers accident product

CG establishes individual accident product

Summary:

Connecticut General Life Insurance Company (CG) organizes the Accident Department and begins to offer individual accident, and later, health insurance.

1906 - San Francisco Earthquake

Summary :

1906 — San Francisco Earthquake

INA pays in full

Summary:

Fires from the San Francisco earthquake leave nearly five square miles of the city in ruins. INA and subsidiaries promise to pay losses in full – a total of $4,772,000.

1900 - CG paves new ground in financial analysis

Summary :

1900 — CG paves new ground in financial analysis

CG founds Bureau of Financial Statistic

Summary:

Connecticut General Life Insurance Company (CG) founds its Bureau of Financial Statistics, a unit organized to advise the company's managers on the investment of premium dollars. The forerunner of the investment operations of CIGNA Retirement and Investment Services, the unit's employees pioneer the collection and analysis of statistics before recommending the purchase of stocks, bonds, mortgages and other financial instruments.

1898 - The birth of scientific underwriting

Summary :

1898 — The birth of scientific underwriting

INA's marine business on calculated upswing

Summary:

Benjamin Rush takes command of INA's marine branch. A year earlier he had submitted a report to the company’s Board of Directors analyzing INA’s faltering marine business through careful statistical calculations. Once in charge he quickly establishes his methods, later known as scientific underwriting, to guide risk assessment. These methods lead to the decline in claims and rise in profits as the quality of INA's marine business improves.

1897 - First to write insurance in China

Summary :

1897 — First to write insurance in China

INA in Shanghai

Summary:

INA appoints the Yang-tsze Insurance Association, Ltd., as its agent in Shanghai, and becomes the first American company to write insurance in China.

1887 - INA overseas

Summary :

1887 — INA overseas

International growth

Summary:

INA appoints agents for the United Kingdom, Europe and South America, located in London, England, Vienna, Austria and Buenos Aires, Argentina.

1871 - Leadership after Chicago Fire

Summary :

1871 — Leadership after Chicago Fire

INA pays claims in full

Summary:

In October, the great Chicago Fire burns for two days, destroying 2,000 acres and leaving 100,000 people in Illinois homeless. INA pays $650,000, one of only 51 insurance companies (out of a total of 202) to pay claims in full.

1865 - CG is born

Summary :

1865 — CG is born

Company creation

Summary:

The Governor of Connecticut signs a special act of the General Assembly incorporating the Connecticut General Life Insurance Company (CG).

1849 - The Gold Rush Era

Summary :

1849 — The Gold Rush Era

INA in California

Summary:

INA appoints an agent for California who remits premiums to the Walnut Street home office in gold dust.

1794 - Protection from the Barbary Pirates

Summary :

1794 — Protection from the Barbary Pirates

First life policy for sea captain

Summary:

INA issues its first life insurance policy, insuring a sea captain against death during a voyage. The policy even includes a clause promising benefits if Barbary Coast pirates capture the captain.

Pennsylvania authorizes sale of insurance products

Summary:

The Pennsylvania legislature approves a bill to incorporate the Insurance Company of North America, authorizing it to write marine, fire and life policies.

1792 - The first marine insurance company

Summary :

1792 — The first marine insurance company

INA is nation's oldest stockholder insurer

Summary:

After a series of meetings in Philadelphia's Independence Hall, a group of prominent citizens forms the Insurance Company of North America (INA). INA is the first marine insurance company in the United States, and is the nation's oldest stockholder-owned insurer today.

Insuring America

Summary:

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