Insurance Regulators

Indiana says insurers can't reinstate canceled policies

November 20, 2013
J.K. Wall
The state insurance department said Wednesday morning that to do so would "create logistical chaos" and "destabilize" Indiana's individual health insurance market.
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State: It’ll be Christmas before we can talk to Obamacare website

November 4, 2013
J.K. Wall
Indiana officials don't expect HealthCare.gov to be able to share individual account information with the state’s Medicaid computer systems until the end of the year.
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Shutdown orders issued as Congress misses deadline

October 1, 2013
Associated Press
For the first time in nearly two decades, the federal government staggered into a partial shutdown Monday at midnight after congressional Republicans demanded changes in the nation's health care law and President Barack Obama and Democrats refused.
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Bankers Life paying $10M fine following securities probe

April 5, 2012
Cory Schouten
CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
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Employers face messy decision to drop health insuranceRestricted Content

July 9, 2011
J.K. Wall
Companies that drop insurance coverage could, without spending any more money than they are now, give workers an 11-percent raise or else help them save as much as $2,000 per year buying health coverage in one of the exchanges, IBJ calculations show.
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Health insurers lose push to ease rate review

May 20, 2011
Bloomberg News
U.S. insurers led by WellPoint Inc. and UnitedHealth Group Inc. failed to get federal regulators to change a rule in the 2010 health-care overhaul that triggers a review of any premium increases exceeding 10 percent.
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Execs from WellPoint, peers meet to hone health-law lobby

January 31, 2011
Bloomberg News
Top executives from WellPoint Inc. and UnitedHealth Group Inc. are meeting almost monthly with their counterparts from Aetna Inc., Cigna Corp. and Humana Inc. in an informal lobbying alliance aimed at blunting parts of the health-care law, say sources with knowledge of the sessions.
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Rules mostly falling WellPoint's way

September 29, 2010
J.K. Wall
Health insurers won fairly broad leeway under key rules suggested by state insurance commissioners that will govern what kinds of expenses count toward meeting a new federal threshold to spend at least 80 percent of premiums dollars on medical care.
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Health overhaul's $264M question weighs down WellPoint

September 22, 2010
Bloomberg News
The failure by state regulators to decide how much insurers must spend on patient care is scaring investors from health-plan stocks and complicating insurance company decisions.
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California OKs Anthem rate hike after controversy

August 25, 2010
Associated Press
The California Department of Insurance said Wednesday it approved a rate increase averaging about 14 percent for Anthem Blue Cross customers. The department also OK'd a nearly 19-percent increase for Blue Shield of California.
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Obama gives states $250 million to review insurance premiums

June 7, 2010
WellPoint may face the most threat from more aggressive reviews. The Indianapolis insurer is the leader in small-business and individual policies, areas that have seen the biggest increases in recent years.
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Consumer group sues Anthem over policy changes

March 1, 2010
Associated Press
A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.
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WellPoint records subpoened in California probe

February 26, 2010
Bloomberg News
The California attorney general has demanded documents from several health insurers, including Indianapolis' WellPoint, believing that their rate-setting and claims practices might be illegal.
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WellPoint CEO blames health costs for hikes

February 24, 2010
Associated Press
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.
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Insurers warn of problems with federal regulator

February 22, 2010
Associated Press
President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.
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WellPoint, insurance commissioner get earful from lawmakers

February 17, 2010
J.K. Wall
State House insurance committee chair grills executives about WellPoint's 21-percent premium increase for individual policyholders in Indiana.
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State lawmakers to probe WellPoint premium hikes

February 17, 2010
J.K. Wall
Three WellPoint executives will be on hand Wednesday morning to answer questions about premium increases on its individual policies, which have risen as high as 39 percent this year.
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WellPoint delays investor meeting to testify on rate flap

February 16, 2010
Bloomberg News
The Indianapolis-based insurer, preparing for Congressional testimony on proposed premium increases in California, says its earnings forecast is now less clear.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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