David Cordani, CEO of Cigna Corp.
Adam Jeffery | CNBC
Heath insurer Cigna will stop giving money to elected officials who “promoted or supported violence” during the siege of the US Capitol by supporters of President Donald Trump last week.
The insurer sent employees an email on Tuesday explaining the company’s new position in light of last week’s events. Like many Bloomfield companies, Connecticut-based Cigna has a political action committee that channels donations from employees to lawmakers who support the company’s agendas.
“Some issues are so fundamental to our core fiber that they transcend all other public policy issues,” said John Murabito, chief human resources officer, in the memo. “There is never any justification for violence or destruction like we saw in the US Capitol – the building that is such a powerful symbol of the democracy that makes our nation strong.”
He added: “Accordingly, CignaPAC will cease supporting all elected officials who promoted or supported violence or otherwise obstructed the peaceful transfer of power.”
Companies from Morgan Stanley to Marriott International have taken the rare step of highlighting Republican Party members for supporting efforts to disrupt the confirmation of President-elect Joe Biden’s victory over President Trump. Other companies, including JPMorgan Chase and Bank of America, are stopping all PAC donations for the time being.
David Cordani, CEO of Cigna, is expected to speak on the company’s position at JPMorgan’s annual health conference on Tuesday.