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Cigna's commission omission a sign of ill health.(stock values for Cigna, Adelphia Communications)(Brief Article)
Dear Mr. Berko: My brother-in-law has written business with Cigna for years. In the last eight months, his commission payments have been "irregular, short, late and inaccurate." He hasn't been paid a dollar on earned commissions in three months.
I bought 300 shares of Cigna in 1999 at $92. It went up to $136 a year later, but now trades at $88. Should I sell and take my loss?
Dear R.T.: Your letter is the third I've received from and about agents who can't get timely and accurate commission checks from Cigna (CI-$89.18).
In early May, when Cigna traded at $106, I got my first letter. So I wrote a note to Cigna CEO H. Edward Hanway inviting him to respond. He didn't, which affirmed my suspicions about people who use an …
