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Insurers
Three WellPoint directors step down, cite personal reasons
May 13, 2013
Bloomberg NewsLenox Baker, Sheila Burke and Susan Bayh resigned from the board effective immediately, Indianapolis-based WellPoint said
Monday in a regulatory filing.
MoreStudy rebuts hospitals' argument on Medicare, rising costs
May 13, 2013
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across
the country have been raising prices just because they can, according to a new study.
MoreGovernor taps ex-WellPoint CEO Braly for IEDC board
May 7, 2013
J.K. WallThe appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the
Indianapolis-based health insurer in August.
MoreInvestment gains mask slowdown for insurer
May 2, 2013
J.K. WallThe bull market boosted first-quarter profit at Baldwin & Lyons Inc. to a record high, even though the property and casualty
insurer’s core business lost ground.
MoreObamacare exchanges could zap WellPoint profits
April 29, 2013
J.K. WallAccording to one estimate, the Indianapolis-based health insurer will shed $400 million in pre-tax profits by 2017.
MoreCNO sees smaller profit after paying off debt
April 24, 2013
IBJ StaffCNO Financial Group Inc. posted much lower earnings in the first quarter after suffering a $57.2 million loss in the period
on the extinguishment of debt.
MoreWellPoint CEO: Acquisitions of hospitals, doctors unlikely
April 24, 2013
J.K. WallJoe Swedish, who took the helm of the Indianapolis-based health insurer a month ago, threw cold-water Wednesday on widespread
speculation that he will lead the company through a wave of buying hospitals and medical practices.
MoreInvestors await progress report from WellPoint
April 22, 2013
Associated PressMany investors expect the health care overhaul's coverage expansions to affect WellPoint more than other insurers.
MoreState Farm must pay Fishers contractor $14.5M, court rules
April 11, 2013
IBJ Staff, Indiana Lawyer StaffThe Indiana Court of Appeals has affirmed a $14.5 million award of damages against State Farm Insurance to a Fishers-based
construction firm. The award is one of the largest defamation awards in U.S. history, according to the court.
MoreEmployer health coverage on 10-year fall, study says
April 11, 2013
Bloomberg NewsIndiana, Michigan and South Carolina saw the steepest declines in employer-backed coverage from 2000 to 2011, according to
a study released Thursday.
MoreMedical finance driving major changes in health care marketplace
April 6, 2013
J.K. WallBrian and Emily Kahn had virtually identical physical therapy. He paid much more than she did. Why? Because of where the therapy
took place.
MoreWellPoint execs get double-digit pay bumps while stock falls
April 4, 2013
J.K. WallThe Indianapolis-based health insurer’s board of directors approved higher compensation heading into 2012, after most
of its top executives saw their pay hold steady or decline in 2011.
MoreOutgoing WellPoint CEO made more than $20M last year
April 2, 2013
Associated PressThe compensation paid to outgoing Wellpoint Inc. CEO Angela Braly last year rose 56 percent, even as the company's shares
slid on lower enrollment in its Blue Cross Blue Shield health plans.
MoreWellPoint jumps after feds reverse Medicare decision
April 2, 2013
Bloomberg NewsShares of Indianapolis-based WellPoint rose along with those of other medical insurers Tuesday morning after the U.S. government
reversed a decision to cut a key Medicare payment rate, offering them an increase instead.
MoreCNO Financial to take $57M charge in first quarter
March 28, 2013
Associated PressThe Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to
a recent tender offer.
MoreStudy: Indiana individual health-claim costs to rise
March 26, 2013
Associated PressA study by the nation's leading group of financial risk analysts shows the biggest driver of health insurance premiums
will rise by more than 67 percent for Indiana residents' individual policies under President Barack Obama's health
care overhaul.
MoreHealth records operation looking to raise $20M
March 25, 2013
J.K. WallThe Indiana Health Information Exchange Inc. hopes to raise roughly $20 million over three years to take its health information
technology services to hospitals around the country.
MoreStudies: Employers could save with Medicaid expansion
March 18, 2013
J.K. WallThe debate over expanding Medicaid in Indiana so far has hinged on how much it will cost. But two recent studies suggest Hoosier
employers should be focused on how much a Medicaid expansion will save them: perhaps as much as $400 million per year.
MoreGeico service center to create up to 1,200 jobs in Carmel
March 18, 2013
Mason KingThe insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd
St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
MoreCarmel insurer looks within to find new CEO
March 16, 2013
IBJ StaffIndiana Farmers Mutual picks executive vice president and legal counsel to replace long-time leader Daniel Stone.
MoreIndiana crop insurance payouts for 2012 losses top $1B
March 12, 2013
Associated PressPurdue University said Tuesday that Indiana farmers received payouts for 2012 corn, soybean and wheat losses that are nearly
twice as much as the previous record of $522 million in 2008.
MoreBaldwin to move HQ to Carmel, add 133 jobs
March 4, 2013
J.K. WallTrucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel
by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
MoreWellPoint shares tumble on surprising CEO hire
February 13, 2013
J.K. WallThe Indianapolis-based health insurer saw its stock tumble as much as 4.8 percent Wednesday morning after it unexpectedly
named career hospital executive Joe Swedish to be its next CEO.
MoreCNO Financial boosts fourth-quarter profit
February 11, 2013
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents
a share. That was a 57 percent jump over the same quarter in 2011.
MoreBaldwin & Lyons reports lower quarterly, annual profit
January 31, 2013
The Indianapolis-based transportation industry insurer attributed the lower earnings to smaller investment gains. Excluding
investments, quarterly profit increased due to fewer storm losses.
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liek the rest of America
These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.
It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.
No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.
whoa!