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Insurance
WellPoint 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.
MoreOneAmerica unit using hybrid policies to grow long-term-care sales
September 22, 2012
Chris O'MalleyUsing banks as a sales channel also boosts business in what has been a languishing product segment.
MoreWellPoint says CEO search to take three to six months
September 20, 2012
Bloomberg NewsWellPoint is seeking a replacement for former CEO Angela Braly, who stepped down Aug. 28 amid shareholder discontent. The
company plans to hire a search firm within the next week.
MoreHigh-deductible premiums rising, too
September 17, 2012
J.K. WallSince 2007, premiums for high-deductible health plans’ family coverage have grown 32 percent—compared with 30
percent among all health plans, according to survey data from the Kaiser Family Foundation.
MoreCrop insurance losses begin to mount amid drought
September 13, 2012
Associated PressThousands of farmers are filing insurance claims this year after drought and triple-digit temperatures burned up crops across
the nation's Corn Belt, and some experts are predicting record insurance losses — exacerbated by changes that reduced
some growers' premiums.
MoreAverage premiums for employee health plans rise 4 percent
September 11, 2012
Associated PressAnnual premiums for job-based family health insurance went up just 4 percent on average this year, but that's no comfort
with the price tag approaching $16,000 and rising more than twice as fast as wages.
MoreWellPoint management team gets board support, CFO says
September 10, 2012
Bloomberg NewsAlmost two weeks after Angela Braly was forced out as WellPoint Inc. CEO, the management team she put in place has been told
by the board it will stay, said Chief Financial Officer Wayne Deveydt.
MoreBloomington docs still feuding with Anthem
September 10, 2012
J.K. WallA large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than
two months before their contract is set to expire.
More'Knock on Wood' campaign boosts Farm Bureau brand
September 8, 2012
Chris O'MalleyThe torrent of competitors' humorous TV commercials forced Indiana Farm Bureau Insurance to roll out its own campaign. So
far, its “Knock on Wood” shtick is said to have boosted brand awareness in urban markets by 12 percent, as measured
by social media chatter.
MoreCNO stock hits 4-year high on recapitalization strategy
September 5, 2012
Bloomberg NewsCarmel-based insurer CNO Financial Group Inc. said Tuesday that it is seeking $950 million of loans and bonds to repay debt
and reduce borrowing costs.
MoreWellPoint plans debt offerings to fund Amerigroup acquisition
September 5, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc., the second-biggest U.S. health insurer, is planning a four-part debt offering to help fund
its $4.9 billion acquisition of Amerigroup Corp, the insurer said Wednesday.
MoreDeparting CEO Braly due to get $15M exit package
August 29, 2012
J.K. WallWellPoint Inc. is expected to give about $15 million in cash, stock and benefits to former CEO Angela Braly on her way out
the door, based on the terms of a separation agreement filed by the company Wednesday morning. And the payout could be even
more lucrative based on the company's future stock price.
MoreWellPoint launches search for new CEO after Braly resignation
August 29, 2012
IBJ Staff and Bloomberg NewsInvestors are looking for a CEO who can right the Indianapolis-based company’s financial performance and integrate WellPoint’s
recent deals to buy Medicaid insurer Amerigroup Corp. and vision company 1-800-Contacts Inc.
MoreBraly's departure occurred sooner than many expected
August 28, 2012
IBJ Staff and Bloomberg NewsEven though CEO Angela Braly was facing withering criticism, analysts thought WellPoint would be reluctant to change CEOs
while its $4.9 billion acquisition of Amerigroup Corp. was pending.
MoreCutting bills fuels growth of Health Systems International
August 25, 2012
J.K. WallHealth Systems is on pace this year for nearly $50 million in revenue, up from $42 million last year and just $4.5 million
eight years ago. The Indianapolis company processes claims for health insurers when patients receive out-of-network care.
MoreWellPoint CEO's critics suggesting replacements
August 24, 2012
Bloomberg NewsAnother plea for the ouster of WellPoint CEO Angela Braly is spurring discussions among investors and analysts about a replacement.
Top suggestions include James G. Carlson, the chief of Amerigroup Corp., and David B. Snow Jr., the former chief of Medco
Health Solutions Inc.
MoreBig WellPoint investor Royal Capital calls for CEO's ouster
August 23, 2012
Bloomberg NewsRoyal Capital Management LLC is calling for the ouster of WellPoint Inc. CEO Angela Braly in a letter to the health insurer,
saying she has "failed miserably."
MoreMayor signs off on domestic-partner ordinance
August 23, 2012
The ordinance covering city employees offers insurance coverage to both same-sex and heterosexual unmarried couples. The mayor
also signed the "Complete Streets" proposal.
MoreWellPoint competitor Aetna to buy Coventry for $5.6B
August 20, 2012
Bloomberg NewsAetna joins rivals WellPoint Inc. and Cigna Corp. in making big acquisitions as the U.S. government expands medical coverage.
MoreTruck fleet insurer's move to diversify gains traction
August 18, 2012
Chris O'MalleySales of professional liability products are still a small part of total revenue but could reach $50 million by the end of
2013.
MoreWellPoint least popular insurer in poll of hospital execs
August 15, 2012
Bloomberg NewsWellPoint Inc., the health insurer that’s lost 19 percent of its market value over two months, is the least popular
carrier among hospital executives who have to negotiate with them, an industry survey shows.
MoreWellPoint board member says Braly still backed as CEO
August 13, 2012
IBJ Staff and Bloomberg NewsA WellPoint Inc. director said there’s no move by the board to fire CEO Angela Braly for poor performance. Meanwhile,
an expert predicted Braly will have at least until early 2013 to right the ship as the company awaits the close of the $4.9
billion Amerigroup acquisition.
MoreWellPoint CEO faces ire of investors who say she must go
August 10, 2012
Bloomberg NewsWellPoint Inc.’s Angela Braly is facing tough questions about her performance after the Indianapolis-based health insurer
reported disappointing earnings last month and cut its 2012 forecast. Investors say Braly is the problem and some are calling
for her ouster.
MoreGovernors aside, feds building health care exchanges
August 7, 2012
Associated PressThe feds may be gaining on GOP governors who've balked at carrying out a key part of the health care overhaul law. Opponents
of the law say they won't set up new private health insurance exchanges. But increasingly it's looking like Washington
will do it for them.
MoreBaldwin & Lyons sees quarterly profit on fewer disasters
August 2, 2012
IBJ StaffIndianapolis-based Baldwin & Lyons Inc. on Thursday reported a profitable second quarter, a year after a series of major
natural catastrophes caused a big loss for the transportation industry insurer.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.