Insurers

Mother Nature again slams insurer Baldwin & Lyons

August 4, 2011
Cory Schouten
Catastrophic tornadoes in Alabama and Missouri took their toll on second quarter results for Indianapolis-based insurer Baldwin & Lyons Inc.
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Aetna latest out of Indiana individual health market

August 3, 2011
Associated Press
The nation's third-largest health insurance company is the latest to leave the individual policy market in Indiana in another sign of diminishing competition.
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Health care use trend may temper premium hikes

July 27, 2011
Associated Press
Consumers may catch a little break when their health insurance policies renew. Lower-than-expected use of health care has helped push insurer earnings higher and that may temper how much they increase premiums.
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CNO Financial sees quarterly profit soar, beating expectations

July 27, 2011
J.K. Wall
The Carmel-based life and health insurer earned $59.5 million in the three months ended June 30, an increase of 80 percent from the same period a year ago.
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Primary care gets a new approach: prevention

July 20, 2011
Associated Press
A budding model for primary care that encourages the family doctor to act as a health coach who focuses as much on preventing illness as on treating it has shown promising results and saved insurers millions of dollars.
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Birth control coverage required in U.S. health plan

July 19, 2011
Health insurers led by WellPoint Inc. would be required to cover birth control pills and devices at no cost to patients under the recommendation of a top U.S. scientific advisory board. .
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Court gives preliminary OK to WellPoint settlement

July 18, 2011
Associated Press
A California court has granted preliminary approval to a lawsuit settlement over an online security breach of health insurer WellPoint Inc.'s records.
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Not-for-profits vying with WellPoint may get $3.8B in loans

July 18, 2011
Bloomberg News
Not-for-profits that compete with insurers such as WellPoint Inc. are eligible for $3.8 billion in U.S. financing under the health law, and the government expects more than a third of the loans not to be repaid.
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Exchange could snag 1.1M Hoosiers

July 18, 2011
J.K. Wall
An estimated 1.1 million Hoosiers will obtain health insurance through a yet-to-be-created online exchange, according to the latest estimates from the task force guiding Indiana’s response to the 2010 health reform law.
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Outgoing CEO: After 'near-death experience,' CNO doing well

July 7, 2011
J.K. Wall
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he's ready to step down now that the insurer is in good shape.
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WellPoint to pay $100,000 over data breach

July 5, 2011
Associated Press
Health insurer WellPoint Inc. will pay $100,000 and take other steps after admitting it waited months to notify 32,000 Indiana customers that their Social Security numbers, health records and other personal information might have been exposed online.
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Contractor wins $14.5M judgment against State Farm

July 1, 2011
Scott Olson
A Hamilton County jury sided with Joseph Radcliff in his lengthy legal battle with the insurer following a 2006 hailstorm that caused severe damage in central Indiana. State Farm accused Radcliff of fraud.
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Tornadoes latest catastrophe to hit insurer's books

June 29, 2011
J.K. Wall
Baldwin & Lyons Inc. expects to lose another $10 million due to worldwide catastrophes that occurred in the first half of the year, the Indianapolis-based property and casualty insurer reported Tuesday.
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WellPoint goes online to educate about ER use

June 24, 2011
Associated Press
Health insurer WellPoint Inc. has enlisted Google Maps for new websites that help patients think twice before they visit an emergency room for care that a less-expensive retail health clinic could handle.
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WellPoint paying almost $800M for CareMore

June 8, 2011
Bloomberg News
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
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Hoosiers in line for $30M in rebates

May 31, 2011
J.K. Wall
Only 19 of the 63 companies writing individual health insurance policies in Indiana have been meeting the new 80-percent medical-loss threshold of the health care reform law, potentially triggering a refund for customers.
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Farm Bureau suit says Walmart TV set Hoosier's house on fire

May 27, 2011
J.K. Wall
A southern Indiana man got more than he bargained for when he bought a low-price TV from Walmart. He says the television set his house on fire.
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WellPoint replaces chief accounting officer Miller

May 27, 2011
Associated Press
Health insurer WellPoint Inc. said its chief accounting officer has been removed immediately "without cause" and replaced with a veteran company executive.
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WellPoint approves annual 'say on pay' measure

May 17, 2011
J.K. Wall
Shareholders of WellPoint Inc. approved on Tuesday the hefty pay packages of the company’s executives and voted for the right to weigh in annually on future executive compensation.
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Financial strength ratings of OneAmerica subsidiaries climb even higher

May 14, 2011
 IBJ Staff
Indianapolis-based firm avoided investment losses suffered by peers during last recession.
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Disasters sink Baldwin & Lyons quarterly results

May 5, 2011
 IBJ Staff
Earthquakes and flooding took a toll on Baldwin & Lyons Inc.’s first quarter results, the Indianapolis-based insurer announced Thursday morning.
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WellPoint profit continues health insurance rally

April 27, 2011
J.K. Wall
Indianapolis-based WellPoint Inc. is the third health insurer in the past week to beat analysts' predictions by a huge margin and raise its full-year forecast.
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Insurer coveted by Biglari sold to another firm

April 21, 2011
Scott Olson
Steak n Shake's parent company, Biglari Holdings, twice tried to acquire Fremont Michigan Insuracorp Inc. before the insurer agreed to be sold to Michigan-based Auto Club Insurance Association. Biglari, which owns nearly 10 percent of the insurer's shares, nevertheless was a winner in the sale.
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Disasters hammer Baldwin & Lyons—again

April 13, 2011
J.K. Wall
Indianapolis insurer Baldwin & Lyons Inc. stands to lose $15.5 million as a result of the earthquake and tsunami in Japan, as well as other disasters in Australia and New Zealand.
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Executive compensation surges at CNO Financial Group

April 12, 2011
J.K. Wall
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
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  1. Many serial killer types and psychopaths work as lowly bureaucrats, just waiting to impose their wrath on a powerless person, child, or pet. Don't forget, the BTK killer was a dog catcher.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

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