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Cigna Insurance Company began in 1792 as the Insurance Company of North America or INA. This company offered the first marine insurance in the United States and remains the oldest stockholder-held insurance company in the country. Two years after the company’s beginning, it sold its first life insurance policy. It was 1794 and where the policy holder was a sea captain who bought a policy that not only insured his life but included a benefits clause if he were to be captured by Barbary Coast pirates.
Cigna expanded to California, where an agent paid for premiums in gold dust. In 1881, the company was one of only 51 insurance companies to pay all claims in full for the Great Chicago fire which destroyed over 2,000 acres and left over 100,000 people homeless and 250 dead. By 1887, Cigna Insurance had agents in the United Kingdom, Europe and South America and ten years later would become the first United States company to write an insurance policy in China. The company would add accident coverage in 1912 and would later add health insurance as well.
The company would continue to expand not only the scope of their operations but the range of their product offerings as well. From air travel coverage in 1926 to adding vision care in 2002, Cigna continued to see needs and provided coverage to meet them.
Cigna Insurance added health disability and senior care in 2004.
The company has been honored several times, including in 2001 when it was named to the Latina Style Magazine list as one of the best places for Latinas to work as well as making the Working Mother list for best employment for working women for the tenth year in a row. Chairman and CEO, H. Edward Hanway was honored with the Marco Polo award, the highest honor from China to a foreign business leader in 2006.