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Insurance
Health insurers expect hit from reform rule
February 9, 2011
Associated PressMajor health insurers, including WellPoint, say a provision that requires them to spend a certain percentage of the premiums
they collect on care-related costs will eat into earnings this year.
MoreIndiana Farm Bureau unveiling ads during Super Bowl
February 4, 2011
Scott OlsonThe insurer's new campaign, developed by local advertising firm Young & Laramore, focuses on real-life situations amid a crowded
field of competitors.
MoreBaldwin & Lyons reports higher revenue, lower profit
February 3, 2011
Indianapolis-based insurer of car and truck fleets posts quarterly profit slightly lower than a year ago. Revenue, however,
rose to $67.7 million, up from $60.8 million in 2009.
MoreHouse passes measure fixing unemployment fund
January 31, 2011
Associated PressThe Indiana House approved a bill Monday to help fix the state's bankrupt unemployment insurance fund by reducing jobless
benefits for some people and softening tax increases on businesses.
MoreFlorida judge strikes down health care overhaul
January 31, 2011
Associated PressA federal judge ruled Monday that the Obama administration's health care overhaul is unconstitutional, siding with 26
states, including Indiana, that sued to block it.
MoreWellPoint profit better than analyst estimates
January 26, 2011
Bloomberg News, J.K. WallExcluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million
in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
MoreState lawmakers to take on unemployment insurance
January 24, 2011
Associated PressBusinesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries
where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.
MoreDaniels' budget proposal wouldn't cut hearing aids
January 19, 2011
Associated PressState budget director Adam Horst said he misspoke when he told the State Budget Committee last week that Daniels&' proposal
would eliminate Medicaid coverage for hearing aids.
MoreBy wide margin, Anthem still city's largest insurer
January 15, 2011
Scott OlsonAnthem Blue Cross and Blue Shield's share of the Indianapolis area has leveled off, even though it still insures more than
half the commercial market—or three times as much as its nearest competitor.
MoreLAMKIN: Health care reform is opportunity to reorganize services
January 15, 2011
Ned LamkinIndiana should take advantage of the opportunity to build a comprehensive exchange.
MoreIndyCar deal creates series-branded insurance plan
January 5, 2011
Anthony SchoettleOpen-wheel race series signs three-year sponsorship pact with Dallas-based Global Corporate Alliance.
MoreConseco brass agree to settle 8-year-old suit for $41.5M
January 1, 2011
Greg AndrewsThe suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer
Jim Adams of engaging in a “massive and systematic coverup of ... actual debts and losses through complex accounting,
misleading disclosures, and irregular accounting practices.”
MoreWellPoint’s New York rate hike to face scrutiny
December 21, 2010
Bloomberg NewsWellPoint Inc. and other U.S. health insurers will have to provide justification for any increases to customers’ premiums
of more than 10 percent next year, according to federal regulations published Tuesday.
MoreConseco name lives on at downtown arena
December 18, 2010
Anthony SchoettleCNO Financial Group appears to have backed away from plans to change the name of the Indiana Pacers home it sponsors, Conseco
Fieldhouse, even though the company no longer uses the Conseco name.
MoreIndiana may cut Medicaid services to check costs
December 15, 2010
Associated PressThe state Medicaid actuary projected Indiana's share of the program's costs will rise by about $1.46 billion this fiscal year,
by about $1.84 billion in the 2012 fiscal year and by about $2 billion in the 2013 fiscal year unless some services are cut.
MoreHealth insurance investors unfazed by court ruling
December 15, 2010
J.K. WallThis week’s ruling by a federal judge could force Congress to rework the new health law to avoid a health insurance
market collapse. But the decision had little to no effect on investor sentiment toward WellPoint Inc. and its peers.
MoreInsurer Baldwin & Lyons names new CEO
December 12, 2010
IBJ StaffIndianapolis-based Baldwin & Lyons Inc. has named Joseph J. DeVito its new CEO, replacing Gary W. Miller, who has led
the insurer for 13 years.
MoreIU's health care budget could be $25 million short
December 11, 2010
Associated PressIndiana University's board of trustees has learned that the school's health care budget is $24.9 million short of projected
expenses in 2011-12.
MoreCNO Financial plans $300 million sale of debt
December 8, 2010
Bloomberg NewsCarmel-based CNO Financial Group Inc., the insurer formerly known as Conseco Inc., plans to sell $300 million of seven-year
senior-secured notes, according to a company statement.
MoreTwo more WellPoint executives set to depart
December 3, 2010
Associated Press, J.K. WallChief Actuary Cynthia Miller and Chief Strategy Officer Bradley Fluegel—both of whom were prominent during the health reform
debate—are leaving the health insurance giant.
MoreRising Medicaid costs for Indiana mean service cuts likely
December 1, 2010
Associated PressIndiana lawmakers likely will cut some Medicaid-provided services in the upcoming legislative session after learning Wednesday
that the state's share of government health insurance program costs will balloon by $1.1 billion over the next two years unless
checked.
MoreSwing in governors could help WellPoint deal with reform
December 1, 2010
Bloomberg NewsRick Scott of Florida will get another chance next month to derail the law President Obama signed in March when he and 21
other Republican governors-elect are sworn in just as states begin implementing details of the legislation the candidates
campaigned against.
MoreCNO Financial looking to refinance bank loans
November 30, 2010
J.K. WallThe Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1
million in debt.
MoreHealth reform tripping up Indiana wellness incentive
November 27, 2010
J.K. WallFederal health reform will trump an Indiana law that allows health insurers to offer steep discounts to employers with healthy
workers and which institute aggressive wellness programs, but experts say other provisions will motivate small firms.
MoreMCGOWAN: Reform's grandfathering option requires close look
November 27, 2010
Hugh M. McGowanWidely hailed provision of health care reform now raises host of questions.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!