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Insurance
Baldwin & Lyons posts record first-quarter profit
May 3, 2012
The auto and trucking fleet insurer reported profit of $11.5 million in the first quarter compared with a loss of $15.2 million
in the prior-year period, when company earnings took a beating from earthquakes in Japan and New Zealand.
MoreCNO quarterly earnings jump on stronger sales
April 30, 2012
Chris O'MalleyCNO Financial Group Inc. on Monday reported first-quarter earnings of $59.1 million, a 30-percent increase from the $45.1
million it earned in the same quarter last year.
MoreBroker tied to ISTA insurance woes still tangling with state
April 28, 2012
Greg AndrewsDavid Karandos failed to make fine payments due March 1 and April 1, and Securities Commissioner Chris Naylor has ordered
him to appear at a May hearing to make the case why “additional consequences” aren’t warranted.
MoreReport: Rebates from health care law will top $1B
April 26, 2012
Associated PressMore than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year,
thanks to health care reforms, a research group said Thursday. Indianapolis-based WellPoint Inc. is expected to return $94
million.
MoreWellPoint sees $100 billion 'duals' market as care shifts
April 25, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc. sees a $100 billion market in the states it serves to provide managed care for poor, elderly
patients in the Medicare and Medicaid programs.
MoreCNO Financial expects to take $20M legal charge
April 23, 2012
The charge stems from a legal dispute involving changes in some life-insurance policies sold by subsidiary Conseco Life Insurance
Co.
MoreBankers Life paying $10M fine following securities probe
April 5, 2012
Cory SchoutenCNO 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.
MoreCompensation dips slightly for WellPoint brass
April 3, 2012
J.K. WallAngela Braly, CEO of the Indianapolis-based health insurance company, received total compensation of nearly $13.3 million,
down 1.5 percent from the $13.5 million she made the previous year.
MoreFirstPerson buys FlashPoint HR unit
April 2, 2012
J.K. WallIndianapolis-based benefits brokerage FirstPerson acquired the small-employer human resource division of Indianapolis-based
consulting firm FlashPoint last week in a bid to provide a wider array of services to small businesses.
MoreS&P completes biggest first-quarter rally since 1998
March 31, 2012
Bloomberg NewsMore than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic
data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
MoreOneAmerica's annual sales jump 29 percent
March 19, 2012
J.K. WallSales at OneAmerica Financial Partners Inc. surged 29 percent in 2011, on top of a 24-percent jump in 2010, the Indianapolis-based
life insurer announced Monday.
MoreHospitals push preemptive care with special programs
March 17, 2012
J.K. WallHospitals around Indianapolis and the nation are expanding programs to help people before they become patients. They are trying
to teach cooking as well as treat cancer, to do social work as well as do surgery.
MoreCOLVIN: Get ready for a perfect storm in Worker's Compensation
March 17, 2012
Ryan Colvin / Special to IBJRates are set to rise as insurers increasingly note the link between older workers' health and productivity.
MoreCOLVIN: Get ready for a perfect storm in Worker's Compensation
March 17, 2012
Ryan Colvin / Special to IBJRates are set to rise as insurers increasingly note the link between older workers' health and productivity.
MoreTornadoes may cost insurers $2B, risk modeler says
March 6, 2012
Bloomberg NewsTornadoes that slammed five states in the U.S. Midwest and South last week may generate as much as $2 billion in claims costs
for insurers, risk-modeling firm Eqecat Inc. says.
MoreWellPoint replaces fired Medicare plan chief
March 5, 2012
J.K. WallVenkata Rajamannar Madabhushi will take control of the various Medicare Advantage plans WellPoint runs around the country,
replacing Brian Sassi, whom WellPoint fired last month.
MoreCNO Financial approves $100M stock buyback
March 1, 2012
Associated PressCarmel-based insurance holding company CNO Financial Group Inc. said Wednesday its board of directors approved the repurchase
of up to $100 million in stock.
MoreHHGregg gets $40M from life insurance on former CEO
February 29, 2012
Cory SchoutenHHGregg has collected a $40 million payout from a life insurance policy it took out on former executive chairman Jerry W.
Throgmartin, who died in January after a sudden illness.
MoreCNO Financial profits beat analysts' predictions
February 22, 2012
J.K. WallExcluding investment gains and one-time charges, CNO’s operations generated $60.1 million, or 22 cents per share, in
the fourth quarter, up 16 percent from the same period last year.
MoreDisappointing quarter puts WellPoint brass on hot seat
February 11, 2012
Greg AndrewsAnalysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing
of its Medicare Advantage senior coverage.
MoreLawsuit filed over denial of senior's home care
February 8, 2012
IBJ Staff and Associated PressA Carmel-based health insurer once owned by Conseco Inc. is being sued for refusing to pay claims for in-home care submitted
by California senior citizens.
MoreBaldwin & Lyons ends tough year with quarterly profit
February 2, 2012
Indianapolis-based Baldwin & Lyons Inc. turned a profit in the fourth quarter, but it wasn’t enough to erase a dismal
2011 plagued by catastrophic losses.
MoreUPDATE: WellPoint to boost primary-care pay
January 27, 2012
Associated PressHealth insurer WellPoint Inc. plans to improve primary care reimbursement and start paying for care management it doesn't
currently cover, changes that could give patients more quality time with their doctors.
MoreWellPoint shares sink after disappointing earnings report
January 25, 2012
IBJ Staff and Associated PressWellPoint Inc.'s stock price dropped almost 5 percent Wednesday after the insurer's fourth-quarter earnings failed
to meet analyst expectations.
MoreIndiana deals ranged upward of $800 million
January 21, 2012
Mergers and acquisitions in 2011 ranged from WellPoint's acquisition of CareMore to a trucking company merger.
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Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.