September 19, 2015 |
For a penthouse, the top of One Liberty Place hasn't seen much action. First, it was a Cigna corporate cafeteria. Then, it sat vacant. Soon, though, the space - and, more important, the views - will be accessible to anyone willing to pay $19 a ticket. The One Liberty Observation Deck , to open in November, represents an investment "north of $10 million," said general manager Evan Evans. He expects it to attract half a million visitors per year. To his employer, the French company Montparnasse 56, it was an obvious choice.
July 26, 2015 |
Indianapolis-based Anthem Inc. said Friday that it would acquire Cigna Corp., a major national health insurer with Philadelphia origins and 1,100 local employees, in a deal that would create the largest health-insurance company in the United States. The $54.2 billion transaction is one in a series of health-insurer mergers announced recently as firms scramble to get on top of rapid changes in the marketplace. The combined company will have more than $115 billion in annual revenue and an enrollment of 53 million members.
June 6, 2015 |
Richard D. Munoz of Philadelphia died Friday, May 29, in a motorcycle accident on I-95 in Philadelphia, just shy of his 70th birthday. It was Mr. Munoz's wish that no funeral or viewing be held. Instead, he asked for a party. "He thought those things were very depressing," his wife, Gail Howard, explained. "He didn't want to do that to his friends and family. " To those who knew him, the request came as no surprise. Ms. Howard called her husband "somebody who was a little bit irreverent in a way that people always enjoyed," she said.
March 7, 2015 |
Arthur Urcinoli, 88, of Marlton, who retired in 1989 as a vice president for annuities of Cigna, the health insurance firm, in Philadelphia, died of pancreatic cancer Tuesday, March 3, at home. Born in Hartford, Conn., Mr. Urcinoli was an aircraft mechanic in the Army Air Corps in postwar West Germany and earned a bachelor's degree in accounting at the University of Connecticut in 1949. He worked for Aetna, the insurance firm, in Hartford in the 1950s and moved to the Philadelphia region in the 1960s to become an officer for the Insurance Co. of North America before it became Cigna.
October 24, 2014 |
Jacques E. Mauch, 93, a financial planner and active Villanova University alumnus, died Monday, Oct. 20, of pneumonia at Dunwoody Village in Newtown Square. Known as "Jake" to friends, Mr. Mauch lived in Rosemont and Bryn Mawr. He spent most of his 55-year career as a financial and estate planner working for Connecticut General Life Insurance Co. and CIGNA. A 1943 graduate of Villanova University, he served as class president and for the rest of his life was an ardent supporter of the university and its swimming, football, and basketball programs.
May 4, 2014 |
David B. Phillips, 75, of Pennsauken, wasn't just a member of the Martin Luther Chapel in Pennsauken. His late parents, Ralph and Elsa, in the 1940s helped found the chapel, part of the Lutheran Church Missouri Synod. "Church was one of the important passions of his life," daughter Karen Wright said. "He was president of the congregation at one point," she said, and at other times its treasurer and Sunday school superintendent. On Tuesday, April 29, Mr. Phillips, who retired in 2001 as manager of the shareholder services department at Cigna, the health insurance services firm, died of heart disease at Our Lady of Lourdes Medical Center in Camden.
September 21, 2013 |
Bravo Health Pennsylvania, which serves Philadelphia-area patients through Medicare Advantage insurance plans, altered documents submitted to the federal government during an audit of the company's billing practices, according to a report by the Office of Inspector General of the Department of Health and Human Services. Bravo agreed July 26 to pay $225,000 to settle allegations that it violated laws related to altered records. "We discovered that some of the medical records that Bravo submitted to us during our fieldwork had been altered and resubmitted," says the OIG report, which looked at billing from 2007.
May 17, 2013 |
The revelation this week by the film star Angelina Jolie of a double mastectomy to help avoid breast cancer had business and legal angles as well. Myriad Genetics, the Utah company at the center of a legal debate about the acceptability of gene patenting, has a monopoly on the testing Jolie underwent before opting for surgery. With the news about Jolie breaking Tuesday morning, the company's stock rose to a three-year high of $34.70 during trading on the NASDAQ before closing at $34.10.
February 8, 2013
In the Region Now in taxis: 6ABC news, programs Local television station 6ABC , part of Walt Disney Co. , is streaming news and entertainment to 200 taxis in the Philadelphia area and has agreements to add 400 taxis in the market, station general manager Bernie Prazenica said. NBC10, owned by Comcast Corp., disclosed this week plans to equip 1,200 Philadelphia taxis with video screens, up from about 100 taxis a year ago, to broaden its TV audience. NBC10 estimates that the 1,200 taxis will deliver 500,000 advertising impressions a month.
January 15, 2013
SATURDAY I attended the seventh annual Lemon Ball, presented by the Alex's Lemonade Stand Foundation, which raises money to fight childhood cancer. The event was hosted by CBS 3 anchor Susan Barnett and featured an outpouring of support from parents of children fighting cancer to local executives giving back. The event was presented by Volvo and the Toys "R" Us Children's Fund with support from Cigna and Auntie Anne's Pretzels. Email: Bigrube@streetgazing.com On Twitter: @BigRubeHarley Blog: streetgazing.com