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Insurers
Crop insurance losses begin to mount amid drought
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.
MoreAverage premiums for employee health plans rise 4 percent
September 11, 2012
Associated PressAnnual premiums for job-based family health insurance went up just 4 percent on average this year, but that's no comfort
with the price tag approaching $16,000 and rising more than twice as fast as wages.
MoreWellPoint management team gets board support, CFO says
September 10, 2012
Bloomberg NewsAlmost two weeks after Angela Braly was forced out as WellPoint Inc. CEO, the management team she put in place has been told
by the board it will stay, said Chief Financial Officer Wayne Deveydt.
MoreBloomington docs still feuding with Anthem
September 10, 2012
J.K. WallA large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than
two months before their contract is set to expire.
More'Knock on Wood' campaign boosts Farm Bureau brand
September 8, 2012
Chris O'MalleyThe torrent of competitors' humorous TV commercials forced Indiana Farm Bureau Insurance to roll out its own campaign. So
far, its “Knock on Wood” shtick is said to have boosted brand awareness in urban markets by 12 percent, as measured
by social media chatter.
MoreCNO stock hits 4-year high on recapitalization strategy
September 5, 2012
Bloomberg NewsCarmel-based insurer CNO Financial Group Inc. said Tuesday that it is seeking $950 million of loans and bonds to repay debt
and reduce borrowing costs.
MoreWellPoint plans debt offerings to fund Amerigroup acquisition
September 5, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc., the second-biggest U.S. health insurer, is planning a four-part debt offering to help fund
its $4.9 billion acquisition of Amerigroup Corp, the insurer said Wednesday.
MoreDeparting CEO Braly due to get $15M exit package
August 29, 2012
J.K. WallWellPoint Inc. is expected to give about $15 million in cash, stock and benefits to former CEO Angela Braly on her way out
the door, based on the terms of a separation agreement filed by the company Wednesday morning. And the payout could be even
more lucrative based on the company's future stock price.
MoreWellPoint launches search for new CEO after Braly resignation
August 29, 2012
IBJ Staff and Bloomberg NewsInvestors are looking for a CEO who can right the Indianapolis-based company’s financial performance and integrate WellPoint’s
recent deals to buy Medicaid insurer Amerigroup Corp. and vision company 1-800-Contacts Inc.
MoreRival's strong results have WellPoint playing catch-up
August 25, 2012
J.K. WallUnitedHealth has been enjoying healthy profits, growing customer rolls and a rising stock price—things the Indianapolis
insurer has been unable to match. That tough comparison lies behind some of the investor attacks on WellPoint CEO Angela Braly.
MoreWellPoint CEO's critics suggesting replacements
August 24, 2012
Bloomberg NewsAnother plea for the ouster of WellPoint CEO Angela Braly is spurring discussions among investors and analysts about a replacement.
Top suggestions include James G. Carlson, the chief of Amerigroup Corp., and David B. Snow Jr., the former chief of Medco
Health Solutions Inc.
MoreBig WellPoint investor Royal Capital calls for CEO's ouster
August 23, 2012
Bloomberg NewsRoyal Capital Management LLC is calling for the ouster of WellPoint Inc. CEO Angela Braly in a letter to the health insurer,
saying she has "failed miserably."
MoreWellPoint dragged into Goldman Sachs suit
August 20, 2012
J.K. WallWellPoint Inc.’s $4.9 billion offer for Virginia-based Amerigroup Inc. apparently wasn’t the only—or even the most lucrative—offer
for the Medicaid managed care company. But it was the deal surest to come to fruition before a key deadline for a big payout
for Goldman Sachs & Co., according to a shareholder lawsuit filed Aug. 16 against the Amerigroup board of directors.
MoreWellPoint competitor Aetna to buy Coventry for $5.6B
August 20, 2012
Bloomberg NewsAetna joins rivals WellPoint Inc. and Cigna Corp. in making big acquisitions as the U.S. government expands medical coverage.
MoreTruck fleet insurer's move to diversify gains traction
August 18, 2012
Chris O'MalleySales of professional liability products are still a small part of total revenue but could reach $50 million by the end of
2013.
MoreWellPoint least popular insurer in poll of hospital execs
August 15, 2012
Bloomberg NewsWellPoint Inc., the health insurer that’s lost 19 percent of its market value over two months, is the least popular
carrier among hospital executives who have to negotiate with them, an industry survey shows.
MoreWellPoint board member says Braly still backed as CEO
August 13, 2012
IBJ Staff and Bloomberg NewsA WellPoint Inc. director said there’s no move by the board to fire CEO Angela Braly for poor performance. Meanwhile,
an expert predicted Braly will have at least until early 2013 to right the ship as the company awaits the close of the $4.9
billion Amerigroup acquisition.
MoreWellPoint CEO faces ire of investors who say she must go
August 10, 2012
Bloomberg NewsWellPoint Inc.’s Angela Braly is facing tough questions about her performance after the Indianapolis-based health insurer
reported disappointing earnings last month and cut its 2012 forecast. Investors say Braly is the problem and some are calling
for her ouster.
MoreBaldwin & Lyons sees quarterly profit on fewer disasters
August 2, 2012
IBJ StaffIndianapolis-based Baldwin & Lyons Inc. on Thursday reported a profitable second quarter, a year after a series of major
natural catastrophes caused a big loss for the transportation industry insurer.
MoreHealth insurers' anti-fraud bid seeks to ease profit-limit rule
July 27, 2012
Bloomberg NewsThe Obama administration Thursday announced a partnership with the industry in which WellPoint Inc., UnitedHealth Group Inc.
and other insurers may try to share more billing data with the government to root out fraud.
MoreCEO Braly gets WellPoint board backing after cutting forecast
July 26, 2012
Bloomberg NewsWellPoint Inc.'s board, reacting to criticism after the health insurer cut its profit forecast on Wednesday, said the management
team led by CEO Angela Braly has its full support.
MoreWellPoint shares sink after profit misses analyst estimates
July 25, 2012
Bloomberg NewsWellPoint Inc. stock fell more than 12 percent Wednesday after the insurer's quarterly earnings missed analyst estimates and
it trimmed its full-year forecast.
MoreCNO Financial reports big earnings gain on higher sales
July 25, 2012
IBJ StaffEarnings at Carmel-based CNO Financial Group Inc. jumped 42 percent in the second quarter on higher sales of its insurance
products, the company announced Wednesday afternoon.
MoreInsurance company key to Franciscan-American Health partnership
July 21, 2012
J.K. WallHospital system's health insurance unit has IT infrastructure that will allow physicians to participate in Medicare's shared
savings program.
MoreWellPoint agrees to pay for 3 children to get gene test
July 12, 2012
Bloomberg NewsWellPoint Inc. said it will pay for DNA testing for three children to see if they have an inherited heart disease their father
suffers from that often strikes without warning, reversing an earlier decision to deny coverage.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.