January 21, 2013
J.K. WallThe Carmel insurance agency acquired three separate companies in a flurry of activity at the end of the year that will add
17 people to its staff.
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January 17, 2013
Associated PressThe leader of the nation's largest health insurer warned Thursday not to assume widespread participation from his company
in part of health care overhaul's coverage expansion that unfolds later this year.
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January 15, 2013
Bloomberg NewsWellPoint Inc. is still considering former Amerigroup Corp. CEO James Carlson among several finalists to become CEO. Statements
and filings this month have fueled speculation among analysts and shareholders that Carlson has vaulted ahead of other prospects.
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January 9, 2013
Bloomberg NewsWellPoint Inc.’s plan to raise the rates for small employers in California was criticized as unreasonable by the state
insurance commissioner, who said customers are being charged this year to cover U.S. health-law fees that won’t begin
until 2014.
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January 8, 2013
Associated PressWellPoint Inc. said Tuesday that it expects 2012 earnings at the high end or slightly above a range that the health insurer
reaffirmed last month.
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January 5, 2013
IBJ StaffThe Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
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December 27, 2012
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building
a 54,395-square-foot facility at its headquarters.
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December 11, 2012
Associated PressWellPoint Inc. is sticking with a 2012 earnings forecast that it had cut in July, and the nation's second-largest health
insurer said it expects next year's earnings to be on par with this year's performance.
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November 28, 2012
Associated PressThe government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup
Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.
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November 19, 2012
J.K. WallAccording to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down
to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.
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November 14, 2012
Associated PressIndiana Gov.-elect Mike Pence has ruled out building a state-run health insurance exchange but appears to be leaving open
the option of running a joint venture with the federal government as a critical decision deadline draws near.
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November 12, 2012
J.K. WallWellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are
far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
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November 8, 2012
Associated PressHealth insurance stocks sank deeper than the broader market Wednesday after President Barack Obama's re-election helped
clarify the future of his health care overhaul, a sweeping law that some investors fear will pinch profits.
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November 5, 2012
J.K. WallA new agreement in Wisconsin provides a glimpse of the kind of “narrow network” arrangements that Indianapolis-based
Anthem Blue Cross and Blue Shield might attempt in Indiana.
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November 1, 2012
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7
million, or 78 cents a share, for the third quarter.
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October 29, 2012
IBJ StaffCarmel-based CNO Financial Group on Monday reported a third-quarter loss of $5 million compared to a $179.5 million profit
in the third quarter of 2011.
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October 24, 2012
J.K. WallShareholders of Amerigroup Corp. overwhelming approved the Virginia company’s sale for $4.9 billion to Indianapolis-based
health insurer WellPoint Inc. in a vote on Tuesday. The vote clears the way for the acquisition to close before the end of
the year.
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October 6, 2012
J.K. WallThree area hospital groups—St. Vincent Health, Community Health Network and Suburban Health Organization—have
agreed to join forces to manage patients’ health and strike new kinds of contracts with employers and health insurers.
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October 3, 2012
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering
of 30-year bonds.
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October 3, 2012
Bloomberg NewsAmerigroup Corp. officials agreed to delay a shareholder vote on WellPoint Inc.’s $4.9 billion buyout offer to resolve
investors’ claims they were being shortchanged in the deal, the company said in a securities filing.
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October 2, 2012
J.K. WallWellPoint Inc.’s National Government Services unit will add more than 100 jobs in Indianapolis beginning late this year
or early next after the health insurance giant won a new contract with the federal Medicare program.
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September 25, 2012
Bloomberg NewsChicago-based recruiting firm Spencer Stuart & Associates Ltd. has previously led executive and board director hunts for
companies including Facebook Inc., Comcast Corp., Talbots Inc. and Hewlett-Packard Co.
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September 22, 2012
Chris O'MalleyUsing banks as a sales channel also boosts business in what has been a languishing product segment.
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September 20, 2012
Bloomberg NewsWellPoint is seeking a replacement for former CEO Angela Braly, who stepped down Aug. 28 amid shareholder discontent. The
company plans to hire a search firm within the next week.
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September 13, 2012
Associated PressThousands of farmers are filing insurance claims this year after drought and triple-digit temperatures burned up crops across
the nation's Corn Belt, and some experts are predicting record insurance losses — exacerbated by changes that reduced
some growers' premiums.
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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.