Insurance

Outgoing CEO: After 'near-death experience,' CNO doing well

July 7, 2011
J.K. Wall
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he's ready to step down now that the insurer is in good shape.
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CNO says CEO Prieur to retire, to be replaced by CFO

July 6, 2011
J.K. Wall
Jim Prieur will retire as CEO of CNO Financial Group Inc. on Sept. 30 and will replaced by the company’s chief financial officer, Ed Bonach, the company announced Wednesday.
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WellPoint to pay $100,000 over data breach

July 5, 2011
Associated Press
Health insurer WellPoint Inc. will pay $100,000 and take other steps after admitting it waited months to notify 32,000 Indiana customers that their Social Security numbers, health records and other personal information might have been exposed online.
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Contractor wins $14.5M judgment against State Farm

July 1, 2011
Scott Olson
A Hamilton County jury sided with Joseph Radcliff in his lengthy legal battle with the insurer following a 2006 hailstorm that caused severe damage in central Indiana. State Farm accused Radcliff of fraud.
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Tornadoes latest catastrophe to hit insurer's books

June 29, 2011
J.K. Wall
Baldwin & Lyons Inc. expects to lose another $10 million due to worldwide catastrophes that occurred in the first half of the year, the Indianapolis-based property and casualty insurer reported Tuesday.
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State appeals injunction blocking abortion law

June 28, 2011
Associated Press
Indiana's attorney general has appealed a judge's decision blocking part of new abortion law that took away some of the public funding for Planned Parenthood of Indiana.
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WellPoint goes online to educate about ER use

June 24, 2011
Associated Press
Health insurer WellPoint Inc. has enlisted Google Maps for new websites that help patients think twice before they visit an emergency room for care that a less-expensive retail health clinic could handle.
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Report: State's life science sector continues to grow

June 23, 2011
Chris O'Malley
A total of 220 life sciences startups have been launched in Indiana since 2004, or an average of 44 per year, according to a new report from BioCrossroads that tracked the industry’s growth over the last eight years.
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WellPoint pays big to tap fast-growing Medicare market

June 13, 2011
J.K. Wall
Analysts raised their eyebrows at the $800 million reportedly paid by WellPoint Inc. to acquire a West Coast Medicare plan, but with the commercial health insurance business stagnating, Medicare is vital to WellPoint’s future growth.
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WellPoint paying almost $800M for CareMore

June 8, 2011
Bloomberg News
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
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Government cutting rates for hard-to-insure patients

May 31, 2011
Associated Press
So far, about 18,000 people have signed up for the Pre-Existing Condition Insurance Plan, well short of government projections that some 375,000 people would gain coverage in 2010. Rates in Indiana will fall 26 percent.
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Hoosiers in line for $30M in rebates

May 31, 2011
J.K. Wall
Only 19 of the 63 companies writing individual health insurance policies in Indiana have been meeting the new 80-percent medical-loss threshold of the health care reform law, potentially triggering a refund for customers.
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Farm Bureau suit says Walmart TV set Hoosier's house on fire

May 27, 2011
J.K. Wall
A southern Indiana man got more than he bargained for when he bought a low-price TV from Walmart. He says the television set his house on fire.
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WellPoint replaces chief accounting officer Miller

May 27, 2011
Associated Press
Health insurer WellPoint Inc. said its chief accounting officer has been removed immediately "without cause" and replaced with a veteran company executive.
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Planned Parenthood says donors alone can't sustain clinics

May 26, 2011
Kathleen McLaughlin
Donors from far and wide are sending money to Planned Parenthood of Indiana, but the organization doesn’t expect the giving to last.
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Feds review Indiana law targeting Planned Parenthood

May 23, 2011
Associated Press
Federal officials said Monday they're taking a hard look at a new Indiana law that withholds some public funding for Planned Parenthood of Indiana, a development that could cost the state some of its Medicaid funding.
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Health insurers lose push to ease rate review

May 20, 2011
Bloomberg News
U.S. insurers led by WellPoint Inc. and UnitedHealth Group Inc. failed to get federal regulators to change a rule in the 2010 health-care overhaul that triggers a review of any premium increases exceeding 10 percent.
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WellPoint approves annual 'say on pay' measure

May 17, 2011
J.K. Wall
Shareholders of WellPoint Inc. approved on Tuesday the hefty pay packages of the company’s executives and voted for the right to weigh in annually on future executive compensation.
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Reform could create more 'boutique' doctors

May 14, 2011
J.K. Wall
Health reform could accelerate trend toward two tiers of care, with concierge services like Dr. Matt Priddy offers at the top and long waits and minimal attention at the bottom.
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MANTOOTH: Companies bogged down by employees' poor healthRestricted Content

May 14, 2011
The problem is, too many people make unhealthy choices and the consequences of these choices become everyone’s problem.
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Financial strength ratings of OneAmerica subsidiaries climb even higher

May 14, 2011
 IBJ Staff
Indianapolis-based firm avoided investment losses suffered by peers during last recession.
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Disasters sink Baldwin & Lyons quarterly results

May 5, 2011
 IBJ Staff
Earthquakes and flooding took a toll on Baldwin & Lyons Inc.’s first quarter results, the Indianapolis-based insurer announced Thursday morning.
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CNO Financial's first-quarter profits surge 59 percent

May 2, 2011
J.K. Wall
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.
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WellPoint profit continues health insurance rally

April 27, 2011
J.K. Wall
Indianapolis-based WellPoint Inc. is the third health insurer in the past week to beat analysts' predictions by a huge margin and raise its full-year forecast.
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WellPoint's first-quarter profit soars above expectations

April 27, 2011
J.K. Wall
The Indianapolis-based health insurer earned $2.44 per share and raised its full-year profit forecast by 40 cents per share.
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