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Insurance
Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers
April 25, 2005
IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall,
I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square
feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive
net absorption of about 600,000 square feet, most of which occurred in the suburbs....
MoreHealth builders thinking small: Local hospital development in for change
April 25, 2005
Tom MurphyJust north of Indianapolis, Clarian Health Partners plans to open a 170-bed hospital this December, a suburban complement
to the 76-bed hospital it opened last December in Avon. To the south, St. Francis Hospital and Health Centers unveiled a heart
center in March, counterbalancing the two stand-alone heart hospitals that sprang up on the north side a few years ago. These
projects offer a snapshot of how health care development has progressed over the past few years in central Indiana....
MoreECONOMIC ANALYSIS: Going behind the numbers to understand price indexes
April 25, 2005
Patrick BarkeyThe joke about economists is that we talk about money but we don't have any. And when it comes to having power and wealth,
the status of those who compile the economic statistics we all consume is usually several notches below even that of the lowly
economist. Most are employed by government agencies, after all. And the last time I checked, I didn't see anyone from the
Forbes 100 list on a public payroll. But the numbers these anonymous statisticians...
MoreCriminal inquiry targets ex-exec: Brightpoint's risk manager part of AIG grand jury probe
April 18, 2005
Greg AndrewsBrightpoint Inc.'s former director of risk management is a target of a federal grand jury criminal investigation into a 1999
deal regulators say allowed the Plainfield company to conceal more than $11 million in losses. The U.S. Attorney's Office
in Indianapolis filed papers in a Manhattan federal court April 12 identifying Timothy Harcharik, Brightpoint's director of
risk management from 1997 until his dismissal in 2002, as one of the targets of the nearly complete securities-fraud probe.
On the other side...
MoreVIEWPOINT: We need Social Security as a safety net
April 18, 2005
Grace M.The proposed use of personal savings accounts for Social Security tax investment fundamentally changes what Social Security
was meant to provide. It was meant to be a minimum guaranteed platform of financial security in old age. If everyone could
and would save a material amount of their lifetime earnings, investing in a disciplined diversified manner, we wouldn't need
Social Security. But the reality is, that's never going to happen. The poor, non-earners and the profligate simply aren't
up to the...
MoreNavigating a painful journey: St. Vincent Pediatric Hospice helps families cope
April 11, 2005
Tom MurphyErin Sammons knew nothing about St. Vincent Pediatric Hospice when she gave birth to her son, Hart, last November. She just
knew that Hart had a chromosome disorder, and doctors expected his life to last only minutes or maybe days. The hospice offered
help, so she took it. Hart lived for almost a month, and Sammons said the hospice staff walked her family through every step
of that journey. "It was a tragedy, and my heart breaks every day ......
MoreWellness provider expands: Summex Health planning bigger HQ on NW side
April 11, 2005
Scott OlsonA leading provider of wellness programs for large companies will triple its office space in June to meet demand from employers
eager to save on soaring health care costs. Indianapolis-based Summex Health Management Inc. and its 55 employees will vacate
10,000 square feet of office space in The Morley Group building on the northwest side and take up residence in roomier digs
in nearby Woodland Corporate Park. The Duke Realty Corp. property provides Summex nearly 30,000 square feet, or the...
MoreHendricks Regional Health out to make name for itself: Hospital on promotional push in fast-growing county Growth spurs advertising
April 11, 2005
Scott OlsonWhen the former Hendricks Community Hospital underwent a name change in 2003, executives embarked on an ambitious advertising
campaign to promote the new moniker. Two years later, the modified Hendricks Regional Health has yet to abandon its marketing
blitz, although the message has changed. The hospital is wrapping up a year-long promotional push, mainly to alert newcomers
to fast-growing Hendricks County of the center's existence, and will launch a follow-up campaign in the summer. Its efforts
to muster additional name...
MoreHealth leader likes hands-on approach: Monroe brings vast background of medical service to state commissioner's role
April 11, 2005
Scott OlsonDr. Judith Monroe's appointment as commissioner of the Indiana State Department of Health returns her to the early days of
a practice steeped in public health. This time, though, the Carmel resident won't be treating patients living in tree houses.
That's right, tree houses. The 52-year-old Dayton, Ohio, native began her medical career in Morgan County, Tenn., in the heart
of Appalachia on the eastern edge of the Cumberland Plateau. Through a National Health Service Corps program, Monroe spent
four...
MoreThe challenge of change: Switching hotel flags can be hard work, but operators say new brands pay off
April 4, 2005
Scott OlsonAs general manager of the new Hilton Indianapolis North, Mark Deinhart has a lot on his plate these days. But the hefty portions
include more than his duties supervising the hotel's revamped restaurant as part of a $5 million renovation. The former Omni
North Hotel on Shadeland Avenue near Interstate 69 converted to the Hilton brand after Norwalk, Conn.-based HEI Hospitality
bought it last August. The flag change came with the renovation on the side, making the switch to a...
MoreWishard aims to even it up: Health system could break deficit string
April 4, 2005
Tom MurphyAbout half the bills Wishard Health Services used to send out came back sans payment thanks to an error. Now that happens
only 4 percent of the time, a change that saves millions, according to Wishard number-crunchers. Improvements such as these
might spur a multimillion-dollar turnaround in Wishard's ledger this year, said Matt Gutwein, the leader of Marion County's
safetynet hospital. Wishard will attempt to break even by the end of 2005, a far cry from the $77 million deficit...
MoreY&L moving HQ to school: Ad firm to leave Massachusetts Avenue for renovated IPS building in Lockerbie
April 4, 2005
Tammy LieberAdvertising agency Young & Laramore is putting its highprofile Massachusetts Avenue building up for sale as it prepares to
buy and occupy a former school building in Lockerbie Square. Y&L is listing its 17,000-square-foot building at 409 Massachusetts
Ave. for $1.6 million, said Paul Knapp, the firm's CEO. The building includes 4,000 square feet of storage space in the basement,
leaving about 13,000 square feet as usable office space, Knapp said. The agency is leaving its headquarters behind after 15...
MoreLocals seek $10M to lift Lampoon: Laikin seeks to 're-energize' money-losing L.A. company
March 28, 2005
Greg AndrewsNational Lampoon Inc.'s in the comedy business. Yet in recent years, anyone who perused the L.A.-based company's financial
statements would be more apt to grimace than crack a smile. A group of Indianapolis businessmen who own most of the stock
think they can stem the company's heavy losses and in the process breathe new life into a comedy brand best known for the
1978 classic "Animal House" and the 1980s "Vacation" films. Here's the catch: They need more money to...
MoreConseco Insurance Group plans sales rebound: Insurer boosts product line, agent recruitment
March 28, 2005
Tom MurphyConseco Insurance Group just closed the book on a disappointing 2004 but its leaders already have a jump on several initiatives
to prevent a repeat in 2005. The Conseco Inc. subsidiary launched two new life insurance products earlier this year and is
aiming for a 25-percent increase in new business in 2005, according to Brad Corbin, the insurance group's new executive vice
president of sales. The insurer also has started burning some phone lines to boost the independent sales force...
MoreStruggling IndyGo pays big for technology expertise: At $94 an hour, IT director raises some eyebrows
March 28, 2005
Chris O\'malleyFinancially struggling IndyGo is paying a handsome sum to its information technology director, hired to help turn around a
city bus system that began 2004 with a $4 million budget deficit. Dale Meyers would earn about $188,000 if he worked 40 hours
a week, based on a $94-an-hour employment agreement inked last July. Meyers' pay would dwarf the $120,000 annual salary of
Indy-Go CEO Gilbert Holmes. It's also salty compared to others' in his field. The median pay for an...
MoreNational lobbyist meets with gov: Small-business advocate says health care is still the toughest issue for owners
March 28, 2005
Scott OlsonThe National Federation of Independent Business is the nation's largest small-business advocacy group, representing 600,000
members in all 50 states. Its voice in Washington, D.C., is Dan Danner, an Ohio native and Purdue University graduate, who
is the organization's lead lobbyist. During a recent visit to the NFIB's Indiana office, Danner sat down with IBJ to address
issues critical to the state's smallbusiness owners. IBJ: As chief lobbyist for the NFIB, how do you get the organization's
message to federal...
MoreLegislature revisits multistate insurance compact: Proposed bill awaiting House consideration could cut red tape and improve
speed of products to market
March 21, 2005
Tom MurphyThe Indiana General Assembly is taking another stab at a bill that could make life easier for some insurance sectors by pushing
products to market at a faster clip. A proposal that would allow Indiana to join a multistate compact for life insurance,
disability, annuity and long-termcare products passed the Senate earlier this legislative session and awaits consideration
in the House of Representatives. The bill died there last year. However, new state Insurance Commissioner Jim Atterholt thinks
it has a...
MoreSmoke carries economic toll: Ban backers cite health, productivity costs
March 14, 2005
Chris O\'malleyThe annual cost of treating the secondhand-smoke-related illnesses of Marion County residents likely exceeds $16 million,
a cost borne partly by businesses that provide their employees health insurance. Businesses also shoulder harder-to-calculate
costs in the form of lost productivity and absenteeism, according to a 2002 study for the Marion County Health Department
believed to be the best estimate yet of the local impact of cigarettes. But backers of the proposed City-County Council ordinance
that would ban smoking in Indianapolis' bars...
MoreVOICES FROM THE INDUSTRY: Bridging the cultural divide between banks, life insurers Gaps, barriers and challenges Making it
work
March 14, 2005
Charles RichardsonIn 1999, the Gramm-Leach-Bliley Act removed barriers to bank and life insurance affiliations and loosened the rules for allowing
bank sales of insurance. Many banks and insurers looked at their new partnership as a win-win-win: Banks added a bigger non-interest
revenue source; insurers gained a more robust mode of distribution; and consumers gained the conveniences of having more of
their financial matters addressed in one place. Five years ago, industry analysts projected big business as a result of this
partnership,...
MoreLocal buyout specialist attracts $43 million: Hammond Kennedy Whitney & Co. targets M&A
March 14, 2005
Peter SchnitzlerIn 2002, it took Glenn Scolnik and his partners 85 road shows to raise $57 million for their new management buyout fund. They
just raised another $43 million with a single presentation. "Our investors agreed we needed more money. It was a very easy
fund-raise," said Scolnik, president and CEO of locally based Hammond Kennedy Whitney & Co. "You don't want to crow too much,
because it's not over 'til it's over. Until you realize an investment, you only have...
MoreAnthem, docs still skirmish: Insurer's new pre-approval rules rankle some A rocky marriage
March 14, 2005
Tom MurphyAnthem Blue Cross and Blue Shield just dumped a load of extra work on the office staff of the average ear, nose and throat
specialist, according Dr. Thomas Whiteman. The WellPoint Inc. subsidiary now requires pre-approval for nonemergency, high-tech
imaging such as MRI or CAT scans. The insurer started the new policy March 1 to curb overuse. Whiteman said the average otolaryngologist-or
ear, nose and throat specialist-schedules as many as eight of these tests a day. If Anthem insures just...
MoreBEHIND THE NEWS: Settlement struck in case pitting Marsh vs. Marsh Guidant's big option grants
March 14, 2005
Greg AndrewsDon Marsh is fighting enough battles in the bloody grocery business without also slugging it out with his own brother. Perhaps
that's why the Marsh Supermarkets Inc. CEO has decided to settle a lawsuit filed in August by C. Alan Marsh, a former vice
chairman of the company who charged he was owed some $2 million in benefits stemming from his 1998 resignation. Attorneys
for both the Indianapolisbased grocery chain and C. Alan Marsh confirm they've reached an agreement in...
MoreUnifying Indiana's IT efforts: State's new CTO plans to centralize computing
March 7, 2005
Peter SchnitzlerIndiana's state Web portal, access-Indiana, won at least a dozen awards over the last four years. It was frequently lauded
as a model of modern government efficiency-robust, reliable and user-friendly. But, according to new Indiana Chief Technology
Officer Karl Browning, the reality was only skin deep. Certainly, accessIndiana is the handsome public face of state information
technology. But beneath the surface, there's a tangled mess of unconnected systems, each managed independently by a separate
agency. Gov. Mitch Daniels, a Republican,...
MoreIndiana Restoration Services Inc.: Disasters send firm into action Restoration helps get homes, businesses back to normal
Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water
pipes can
March 7, 2005
Della PachecoDisasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water
pipes can wreak havoc on homes and businesses. Dealing with the aftermath-waterlogged furnishings, mold, structural damage
and other devastation-is what Indiana Restoration Services does 24 hours a day, seven days a week. Co-owners Dan Hanlin and
Darren Peck didn't start out with a detailed business plan to run a disaster-recovery business with $3 million plus in annual
revenue. "We got into the business by...
MoreClarian's capabilities keep Combine here: Medical services lure NFL officials, owners back to Indy
February 28, 2005
Anthony SchoettleWhen Mayor Bart Peterson announced in December plans to build a new stadium for the Indianapolis Colts, he mentioned as a
side note the $600 million facility would help retain the National Football League Scouting Combine. The mayor's pronouncement
is no side note to Clarian Health Partners, the hospital system that handles all the athlete medical testing for the four-day
Combine, which runs this year through March 1. "We were told by Clarian officials this event adds $1 million to...
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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.