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Insurance
State expects to extend Healthy Indiana Plan a year
December 14, 2012
Associated PressThe Centers for Medicare and Medicaid Services agreed to a waiver that would allow the state to continue the program unchanged
for a year.
MoreActuarial firm plans expansion at Indy office
December 14, 2012
Milliman Inc. said it will add 26 jobs by 2017 and invest $2 million to install additional information technology equipment
at its office in downtown's Chase Tower.
MoreWellPoint reaffirms 2012 earnings forecast
December 11, 2012
Associated PressWellPoint Inc. is sticking with a 2012 earnings forecast that it had cut in July, and the nation's second-largest health
insurer said it expects next year's earnings to be on par with this year's performance.
MoreIllinois company to hire 50 in Indy for Medicaid drug contract
December 3, 2012
J.K. WallCatamaran Corp. will add 50 jobs in Indianapolis over the next year to help it provide pharmacy-benefit-management services
to the Indiana Medicaid program. The Illinois-based company will open an office downtown Tuesday to kick off its six-year,
$60 million contract with the state.
MoreFeds clear WellPoint's $4.5B acquisition of Amerigroup
November 28, 2012
Associated PressThe government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup
Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.
MoreInsurance software firm cutting 23 local jobs
November 28, 2012
Washington-based Vertafore Inc., a developer of insurance software, said it will begin layoffs at its Indianapolis office
Jan. 31.
MoreSCHAFIR: Businesses face tough decisions over health care
November 24, 2012
Harlan Schafir / Special to IBJNow that the election is over, it seems clearer that the Patient Protection and Affordable Care Act, or Obamacare, will likely
move forward. The question is whether business owners will be able to steer their employees to state exchanges and wash their
hands of health care coverage.
MoreInsurance customer lawsuits dog CNO
November 24, 2012
Chris O'MalleyCNO Financial Group appears to have wrapped its arms around the cost of settling a trio of consumer lawsuits involving life
insurance rate hikes, but it’s not out of the woods yet.
MoreAnalyst: WellPoint CEO search down to two
November 19, 2012
J.K. WallAccording to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down
to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.
MorePence solidifies opposition to state exchange
November 15, 2012
Associated PressIndiana Gov.-elect Mike Pence closed the door on a state-run health insurance exchange Thursday, arguing that the estimated
$50 million cost of the state program was not worth the limited autonomy granted in return.
MorePence not ruling out health partnership with feds
November 14, 2012
Associated PressIndiana Gov.-elect Mike Pence has ruled out building a state-run health insurance exchange but appears to be leaving open
the option of running a joint venture with the federal government as a critical decision deadline draws near.
MoreSmall biz exposure clouds WellPoint's future
November 12, 2012
J.K. WallWellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are
far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
MoreHealth insurance stocks flop after Obama wins second term
November 8, 2012
Associated PressHealth insurance stocks sank deeper than the broader market Wednesday after President Barack Obama's re-election helped
clarify the future of his health care overhaul, a sweeping law that some investors fear will pinch profits.
MoreDeal provides peek at Anthem's narrow networks
November 5, 2012
J.K. WallA new agreement in Wisconsin provides a glimpse of the kind of “narrow network” arrangements that Indianapolis-based
Anthem Blue Cross and Blue Shield might attempt in Indiana.
MoreBaldwin & Lyons profits rise on fewer storm losses
November 1, 2012
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7
million, or 78 cents a share, for the third quarter.
MoreCNO Financial earnings fall on recapitalization charge
October 29, 2012
IBJ StaffCarmel-based CNO Financial Group on Monday reported a third-quarter loss of $5 million compared to a $179.5 million profit
in the third quarter of 2011.
MoreJudge approves $90 million for Anthem plaintiffs
October 29, 2012
Kathleen McLaughlinThe settlement will go to 700,000 claimants in Indiana, Ohio, Kentucky and Connecticut, who said Anthem underpaid them when
it converted in 2001 from policyholder ownership into publicly traded company WellPoint Inc.
MoreAmerigroup shareholders approve $4.9B sale to WellPoint
October 24, 2012
J.K. WallShareholders of Amerigroup Corp. overwhelming approved the Virginia company’s sale for $4.9 billion to Indianapolis-based
health insurer WellPoint Inc. in a vote on Tuesday. The vote clears the way for the acquisition to close before the end of
the year.
MoreWellPoint reorganizes into four business units
October 11, 2012
Bloomberg NewsSeparate Medicare and Medicaid divisions each will sell plans for those government-backed insurance programs. Another will
handle commercial and individual business, and a specialty unit will provide dental, vision and disability coverage.
MoreLongtime insurance agency acquired by local rival
October 6, 2012
Property-casualty and employee benefits firm MJ Insurance buys Mead & Co., which dates to the 1860s.
MoreWellpoint raises $1.35B in first convertible offering since '99
October 3, 2012
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering
of 30-year bonds.
MoreAmerigroup delays vote on $4.9B WellPoint acquisition
October 3, 2012
Bloomberg NewsAmerigroup Corp. officials agreed to delay a shareholder vote on WellPoint Inc.’s $4.9 billion buyout offer to resolve
investors’ claims they were being shortchanged in the deal, the company said in a securities filing.
MoreWellPoint to add 100-plus local jobs for new Medicare contract
October 2, 2012
J.K. WallWellPoint Inc.’s National Government Services unit will add more than 100 jobs in Indianapolis beginning late this year
or early next after the health insurance giant won a new contract with the federal Medicare program.
MoreSome hospitals, doctors might be cut from health plans
September 29, 2012
J.K. WallWith health insurance premiums continuing to outstrip inflation, some health insurers and hospital systems are considering
bringing back an old strategy: limiting patient access to a “narrow” network of doctors and hospitals.
MoreWellPoint hires Chicago-based search firm to find CEO
September 25, 2012
Bloomberg NewsChicago-based recruiting firm Spencer Stuart & Associates Ltd. has previously led executive and board director hunts for
companies including Facebook Inc., Comcast Corp., Talbots Inc. and Hewlett-Packard Co.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.