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Insurers
WellPoint buying managed care firm for $4.9B
July 9, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis health insurer is buying Virginia-based Amerigroup Corp. to expand in managed care for poor and elderly patients
in the Medicare and Medicaid programs.
MoreHigh court health care decision good for some, not others
June 29, 2012
Associated PressThe Supreme Court's decision Thursday to uphold President Barack Obama's historic overhaul is expected to boost many
players in the health care industry, but not every corner of the sector will benefit.
MoreWellPoint lowers earnings forecast after $90M legal bill
June 18, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc. said it is lowering its profit forecast for the year by 3 percent after reaching a $90 million
settlement in a class-action lawsuit.
MoreWellPoint seeks to diversify by buying contacts retailer
June 4, 2012
Bloomberg News, Associated PressWellPoint Inc. plans to buy lens retailer 1-800-Contacts Inc. in a deal worth an estimated $900 million, giving the insurer
its first direct-to-consumer business outside selling individual health coverage.
MoreWellPoint protestors harass Braly as political disclosure proposal fails
May 16, 2012
J.K. WallThe proposal, which sought twice-yearly reports on all the health insurer's donations used for political campaigns or lobbying,
was overwhelmingly voted down by WellPoint shareholders.
MoreActivists plan to protest WellPoint political giving at meeting
May 15, 2012
J.K. WallA mix of union groups, activist investors and single-payer advocates will call for increased disclosure from WellPoint, and
some investment funds will vote against WellPoint board members who they say have failed to exercise proper oversight of WellPoint’s
political spending.
MoreBaldwin & Lyons posts record first-quarter profit
May 3, 2012
The auto and trucking fleet insurer reported profit of $11.5 million in the first quarter compared with a loss of $15.2 million
in the prior-year period, when company earnings took a beating from earthquakes in Japan and New Zealand.
MoreCNO quarterly earnings jump on stronger sales
April 30, 2012
Chris O'MalleyCNO Financial Group Inc. on Monday reported first-quarter earnings of $59.1 million, a 30-percent increase from the $45.1
million it earned in the same quarter last year.
MoreReport: Rebates from health care law will top $1B
April 26, 2012
Associated PressMore than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year,
thanks to health care reforms, a research group said Thursday. Indianapolis-based WellPoint Inc. is expected to return $94
million.
MoreWellPoint sees $100 billion 'duals' market as care shifts
April 25, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc. sees a $100 billion market in the states it serves to provide managed care for poor, elderly
patients in the Medicare and Medicaid programs.
MoreWellPoint's profit falls, but beats analyst expectations
April 25, 2012
J.K. WallThe Indianapolis-based health insurer posted first-quarter earnings of $857 million, down from $927 million in the same period
a year ago.
MoreTrend lines look good for WellPoint
April 23, 2012
J.K. WallMore people have jobs and yet the use of health care remains stagnant—which should drive nice profits when WellPoint
Inc. reports first-quarter earnings on Wednesday. The trends even have some wondering if consumer-driven health plans are
finally starting to make a real difference in Americans’ health care spending habits.
MoreCNO Financial expects to take $20M legal charge
April 23, 2012
The charge stems from a legal dispute involving changes in some life-insurance policies sold by subsidiary Conseco Life Insurance
Co.
MoreBankers Life paying $10M fine following securities probe
April 5, 2012
Cory SchoutenCNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers
Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
MoreCompensation dips slightly for WellPoint brass
April 3, 2012
J.K. WallAngela Braly, CEO of the Indianapolis-based health insurance company, received total compensation of nearly $13.3 million,
down 1.5 percent from the $13.5 million she made the previous year.
MoreS&P completes biggest first-quarter rally since 1998
March 31, 2012
Bloomberg NewsMore than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic
data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
MoreDeal puts Farm Bureau's name on downtown concert venue
March 27, 2012
Farm Bureau Insurance is putting its name on outdoor concert venue The Lawn at White River State Park under a sponsorship
agreement with event promoter Live Nation Entertainment, the companies announced Tuesday.
MoreOneAmerica's annual sales jump 29 percent
March 19, 2012
J.K. WallSales at OneAmerica Financial Partners Inc. surged 29 percent in 2011, on top of a 24-percent jump in 2010, the Indianapolis-based
life insurer announced Monday.
MoreTornadoes may cost insurers $2B, risk modeler says
March 6, 2012
Bloomberg NewsTornadoes that slammed five states in the U.S. Midwest and South last week may generate as much as $2 billion in claims costs
for insurers, risk-modeling firm Eqecat Inc. says.
MoreWellPoint replaces fired Medicare plan chief
March 5, 2012
J.K. WallVenkata Rajamannar Madabhushi will take control of the various Medicare Advantage plans WellPoint runs around the country,
replacing Brian Sassi, whom WellPoint fired last month.
MoreCNO Financial approves $100M stock buyback
March 1, 2012
Associated PressCarmel-based insurance holding company CNO Financial Group Inc. said Wednesday its board of directors approved the repurchase
of up to $100 million in stock.
MoreHHGregg gets $40M from life insurance on former CEO
February 29, 2012
Cory SchoutenHHGregg has collected a $40 million payout from a life insurance policy it took out on former executive chairman Jerry W.
Throgmartin, who died in January after a sudden illness.
MoreCNO Financial profits beat analysts' predictions
February 22, 2012
J.K. WallExcluding investment gains and one-time charges, CNO’s operations generated $60.1 million, or 22 cents per share, in
the fourth quarter, up 16 percent from the same period last year.
MoreDisappointing quarter puts WellPoint brass on hot seat
February 11, 2012
Greg AndrewsAnalysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing
of its Medicare Advantage senior coverage.
MoreLawsuit filed over denial of senior's home care
February 8, 2012
IBJ Staff and Associated PressA Carmel-based health insurer once owned by Conseco Inc. is being sued for refusing to pay claims for in-home care submitted
by California senior citizens.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.