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Insurers
WellPoint shares partially recover after Thursday plunge
October 9, 2009
J.K. WallShares of WellPoint Inc. partially recovered Friday morning after a plunge was touched off Thursday by gathering momentum
behind health care reform and talk of a windfall-profit tax by Speaker of the House Nancy Pelosi.
MoreWellPoint insiders sell stock at right time
September 12, 2009
IBJ StaffTake the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in
the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.
MorePolicyholders could pay more under Obama health plan
September 11, 2009
Associated PressIf President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from
denying coverage — some analysts say individuals could wind up paying higher premiums.
MoreOak Street Funding raises $50 million in new capital
September 5, 2009
IBJ StaffGerman group invests in Carmel-based company that specializes in financial services for insurance agencies.
MoreSt. Francis, Anthem finalize health insurance contract
September 1, 2009
Scott OlsonThe St. Francis hospital system has finalized a multiyear agreement with Anthem Blue Cross and Blue Shield of Indiana, ending
a months-long dispute over insurance-reimbursement costs, the parties said yesterday.
MoreHealth reform breaking WellPoint's way so far
August 24, 2009
J.K. WallWith the Obama administration backing away from a government-run, "public" plan, the insurance
industry faces a much smaller threat in the form of privately run insurance co-ops.
MoreGlut of downtown office space grows
August 17, 2009
Cory SchoutenSafeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire
four-building Faris campus.
MoreInvestments propel Baldwin & Lyons profit
July 30, 2009
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company
history, as investment gains from recovering equity markets helped boost performance.
MoreGrain Dealers Mutual merges with Florida firm
July 28, 2009
Scott OlsonIndianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
MoreGovernment-run insurance plan draws mixed reviews from employers
June 22, 2009
J.K. WallBusinesses all want to see reform of the health care system, but they diverge on how much the U.S. government's entrance into
the insurance market would help or hurt them.
MoreHealth care interests wary of state's cost-cutting idea for Medicaid
February 9, 2009
J.K. WallIndiana Medicaid officials want to take over management of all its patients' prescription drugs because they say it could
save the state as much as $40 million a year.
MoreNew retirement savings law means new biz for AUL
December 15, 2008
J.K. WallIn order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.
MoreWellPoint, St. Francis battle over insurer's IT problems
October 20, 2008
J.K. WallA year of computer snafus boiled over Oct. 13 when the St. Francis system declared WellPoint Inc. in breach of its contract because of habitually late payments.
WellPoint pushes sales force to market life, dental, vision
September 22, 2008
J.K. WallWellPoint Inc. touts as the company's biggest strength its dominant market share in its health insurance markets. But now the officers of the company are working to branch out beyond health insurance. They're training their sales force on how to better sell dental, vision and even life and disability insurance--which WellPoint refers to as its specialty group of products.
Ex-WellPoint VP sues, says he was axed for testifying in drug case
August 18, 2008
J.K. WallWellPoint Inc. prides itself on working to hold down the rising cost of health care. But to hear one of its former vice presidents tell it, the company retaliated against him when he worked to do just that. In a lawsuit against WellPoint, Dr. Randy Axelrod claims his former employer forced him out when he tried to curtail a drugmaker's controversial pricing strategy that was costing WellPoint money.
Investments propel Baldwin & Lyons profit
July 30, 2008
IBJ StaffBaldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company history, as investment
gains from recovering equity markets helped boost performance.
MoreWellPoint 401(k) participants sue over decline in stock price
June 9, 2008
J.K. WallAngela Braly, Wayne DeVeydt and the rest of the top brass at WellPoint Inc. face wrath over the company's recent stock swoon
from a new group: ex-employees. Four former WellPoint workers have filed lawsuits against the Indianapolis-based health insurance
giant over the losses its 401(k) retirement plan suffered in March when the company slashed its profit forecast for the year.
MoreAnthem increases its hold on Indiana
March 24, 2008
J.K. WallAnthem Insurance Co. added nearly 75,000 commercial customers last year, pushing its total up more than 4 percent. Anthem,
a subsidiary of Indianapolis-based WellPoint Inc., now claims a whopping 1.8 million commercial customers in the state. The
trouble is, Anthem's dominance limits price competition, according to benefits brokers, making it hard for local HMOs such
as M-Plan or even some national players to compete.
MoreRooney: healer or heretic in health insurance industry?
March 17, 2008
J.K. WallThe "father of health savings accounts" isn't satisfied. At 80, J. Patrick Rooney is gearing up for another health care reform
battle in Washington--five years after winning a colossal victory when Congress awarded health savings accounts tax-free status.
MoreAtterholt's toughness with insurers questioned
October 1, 2007
J.K. WallIndiana Insurance Commissioner Jim Atterholt says his philosophy toward consumer protection is to be tough on the "bad actors,"
but friendly toward the "good actors";--in part, so he can call for their help when needed.Not everyone is convinced, however,
because Atterholt has done so much in his 2-1/2 years as commissioner to promote industry causes.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!