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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Mar 03, 1990
Page
7
Cigna Corp. announced it will discontinue personal auto insurance, noting the division yields little business and marginal profits while its core strength remains commercial coverage. The move follows a broader discussion of health care reform and accessibility in Congress.
Washington The American Bankers Association backs a plan to reform deposit insurance and require uninsured areas to absorb losses in bank failures. The plan keeps $100000 per account coverage but ends the too big to fail practice. Tokyo A government advisory council urges Nippon Telegraph and Telephone to split into three firms within five years to end monopolistic control and boost competition.
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