Insurers

Group led by WellPoint to partner on global health network

January 9, 2014
Bloomberg News
The Blue Cross and Blue Shield Association will form a combined provider network with London-based Bupa that will collectively include more than 11,500 hospitals in more than 190 countries, the partners said Thursday.
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Lawmakers consider state-assisted retirement plan

January 8, 2014
Amanda Creech, The Statehouse File
Senate Bill 66 creates a state-assisted savings plan for retirement. The bill is opposed by the Association of Indiana Life Insurance Companies.
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WellPoint seeks more Obamacare biz by extending deadline

January 8, 2014
Bloomberg News
Two of the largest U.S. health insurers are giving Obamacare customers more time to pay their initial premiums as the industry tries to coax millions of people to take the final step in cementing coverage for 2014.
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WellPoint to unload 1-800-Contacts unit

January 7, 2014
Bloomberg News
Financial terms of the sale to Boston-based private equity firm Thomas H. Lee Partners LP weren't disclosed. WellPoint paid a reported $900 million to buy the company in June 2012.
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Feds extend Obamacare deadline as customers rush site

December 23, 2013
Bloomberg News
The deadline to enroll in plans that begin Jan. 1 now is midnight Tuesday for most of the U.S. On Monday, healthcare.gov fielded nearly 50,000 simultaneous visitors, triggering a queuing system.
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Insurers give Obamacare enrollees more time for payments

December 18, 2013
Bloomberg News
Consumers who enroll in health plans through the new U.S. exchanges will get 10 extra days to pay their first premiums and still gain coverage effective Jan. 1, an insurance company trade group said Wednesday.
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Costs of rare November storms, tornadoes top $1 billion

December 9, 2013
Bloomberg News
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc.
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IU Health could fall out of network for UnitedHealthcare

December 6, 2013
J.K. Wall
IU Health, the state's largest hospital system, and UnitedHealthcare, the state's second-largest health insurer, have been unable to come to terms on a new set of reimbursement contracts.
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Anthem, insurance trust create Obamacare alternative

December 2, 2013
J.K. Wall
Anthem Blue Cross and Blue Shield has teamed up with the Indiana Manufacturers Association to give small manufacturers an option to side-step one of Obamacare’s new community rating restrictions.
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Indiana says insurers can't reinstate canceled policies

November 20, 2013
J.K. Wall
The state insurance department said Wednesday morning that to do so would "create logistical chaos" and "destabilize" Indiana's individual health insurance market.
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House GOP gets its say on insurance cancellations

November 15, 2013
Associated Press
Republicans renewed an assault on President Barack Obama's health care overhaul and his credibility on Friday as they pushed toward House passage of a measure to let insurers keep selling health coverage that falls short of the law's strict standards.
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Obamacare has many health care insurers worried

November 14, 2013
Bloomberg News
The messy rollout of the insurance exchanges has made it hard for carriers to figure out what business will be like in 2014.
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State: It’ll be Christmas before we can talk to Obamacare website

November 4, 2013
J.K. Wall
Indiana officials don't expect HealthCare.gov to be able to share individual account information with the state’s Medicaid computer systems until the end of the year.
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Baldwin & Lyons' profit falls on smaller investment gains

October 31, 2013
 IBJ Staff
Premiums written by the firm’s insurance subsidiaries hit $96.6 million, an increase of nearly 19 percent over the third quarter a year ago and 4 percent over the second quarter.
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CNO Financial's profit, revenue up in third quarter

October 28, 2013
 IBJ Staff
CNO Financial Group Inc. on Monday reported a third-quarter profit of $283 million, a significant jump from the money-losing quarter it experienced a year ago.
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Insurers brainstorm with Obama staff on health exchange fix

October 23, 2013
Bloomberg News
The heads of WellPoint Inc., Aetna Inc. and at least 10 other insurers met with the Obama administration Wednesday to discuss correcting flaws in how data from the U.S. health-care marketplaces is transferred to the companies.
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Anthem rolls out new bonus system for docsRestricted Content

September 21, 2013
J.K. Wall
The Indianapolis-based health insurer expects to pay, on average, $3.50 per month for every patient enrolled in one of Anthem’s commercial health plans.
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WellPoint adds consulting executives to board

September 17, 2013
Associated Press
The Indianapolis-based insurer said Tuesday that John Short and Elizabeth Tallett will join its 11-member board Wednesday and Oct. 1, respectively.
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Airport authority sues insurance carrier for $9.2M

August 23, 2013
Scott Olson
The Indianapolis Airport Authority claims Travelers Property Casualty Co. of America failed to pay it all the money it is owed following a steel-beam collapse during construction of the midfield terminal.
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Survey: Health insurance costs outpace wage gains

August 21, 2013
Associated Press
Annual premiums for employer-sponsored family coverage climbed nearly 4 percent this year, to top $16,000 for the first time, according to a survey the Kaiser Family Foundation released Tuesday.
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Blue Cross reaches out over insurance law changes

August 12, 2013
Associated Press
Indianapolis-based WellPoint and other Blue Cross Blue Shield health plans are among the health insurers most aggressive in reaching out to build consumer trust and capture spending on policies.
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Baldwin & Lyons posts 21-percent boost in profit

August 1, 2013
 IBJ Staff
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
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CNO profit jumps 17 percent

July 29, 2013
Chris O'Malley
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
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WellPoint sees small-biz plans slip ahead of Obamacare

July 24, 2013
Bloomberg News
WellPoint Inc., the second-biggest U.S. health insurer, said more small employers are scaling back benefits this year, a potential hedge against higher costs expected under the U.S. health-care law.
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WellPoint expects Obamacare to boost revenue to $90B by 2016

July 24, 2013
J.K. Wall
Health care reform, long perceived as a huge threat to WellPoint Inc., is now being embraced by the insurer as a huge growth opportunity.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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