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Insurers
WellPoint, Aetna led U.S. insurers in coverage denial
October 13, 2010
Bloomberg NewsUntil all consumers are required to buy health insurance, coverage restrictions are needed to keep people from gaming the
system, insurers say.
MoreWellPoint, other insurers' stock buybacks concern investors
October 12, 2010
Bloomberg NewsIndianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past
year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.
MoreLucas Oil owners to buy former Hilbert estate
October 6, 2010
Lucas Oil Products Inc. owners Forrest and Charlotte Lucas confirmed they were buying the property for $3 million at a news
conference Wednesday afternoon. It will be used for "business activities and community functions."
MoreReform will boost health care costs, Indianapolis panel predicts
October 2, 2010
Rising costs aren't the only impact of reform, say panelists taking part in a Power Breakfast sponsored
by Indianapolis Business Journal.
Insurers ordered to appear at Frankfort hearing
September 29, 2010
Associated PressMajor health insurers, including Indianapolis-based Anthem, are being ordered to a hearing to explain why they are eliminating
child-only policies.
MoreRules mostly falling WellPoint's way
September 29, 2010
J.K. WallHealth insurers won fairly broad leeway under key rules suggested by state insurance commissioners that will govern what kinds
of expenses count toward meeting a new federal threshold to spend at least 80 percent of premiums dollars on medical care.
MoreHealth overhaul's $264M question weighs down WellPoint
September 22, 2010
Bloomberg NewsThe failure by state regulators to decide how much insurers must spend on patient care is scaring investors from health-plan
stocks and complicating insurance company decisions.
MoreWellPoint gets $87M Medicare contract renewal
September 21, 2010
Associated PressThe company said the Centers for Medicare & Medicaid Services renewed its durable medical equipment administrative contract
for a region that covers Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio and Wisconsin.
MoreYoung & Laramore wins Indiana Farm Bureau account
September 4, 2010
IBJ StaffYoung & Laramore “will embark on a brand positioning assignment, and will handle all advertising and marketing communications”
for the insurance company.
MoreFormer Hilbert mansion draws local interest in auction
August 31, 2010
Scott OlsonSealed-bid auction attracts a half-dozen bids from interested owners that are "more centrally located than you might think,"
said the listing agent.
MoreBid deadline looms for former Hilbert mansion
August 27, 2010
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
MoreCalifornia OKs Anthem rate hike after controversy
August 25, 2010
Associated PressThe California Department of Insurance said Wednesday it approved a rate increase averaging about 14 percent for Anthem Blue
Cross customers. The department also OK'd a nearly 19-percent increase for Blue Shield of California.
MoreWellPoint boosts debt offering to $1 billion
August 9, 2010
Bloomberg NewsProceeds from the sale will be used for working capital and general corporate purposes, including debt repayment, the company
said in a prospectus.
MoreCNO Financial profits surge 20 percent, beating expectations
August 3, 2010
J.K. WallThe Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share.
Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
MoreBaldwin profit falls on smaller investment returns
July 29, 2010
J.K. WallThe Indianapolis-based insurer of truck and car fleets earned $5 million in the quarter ended June 30, down from $14.2 million
in the same quarter a year ago.
MoreInvestors fear insurers' rosy outlook will boost regulators' scrutiny
July 29, 2010
Bloomberg NewsIndianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring
investor concern that state and federal regulators may increase scrutiny of industry pricing.
MoreWellPoint gains confidence as profits rise
July 28, 2010
J.K. WallThe Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher
than during the same quarter a year ago. Revenue and health plan membership fell.
MoreHilbert mansion to be auctioned
July 14, 2010
Kathleen McLaughlinCNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been
on the market for five years. Its latest asking price was $9.9 million.
MoreConnecticut to probe WellPoint security breach
July 2, 2010
Bloomberg NewsAttorney general seeks more details on the breach, which may have compromised financial and health information on almost 500,000
people. He also calls on the Indianapolis-based insurer to provide affected customers with credit monitoring and theft protection
services.
MoreBuffett bails on WellPoint
May 18, 2010
J.K. WallInfluential investor sold off all 1.3 million shares in the Indianapolis-based health insurer during the first quarter.
MoreWellPoint meeting ends abruptly as Bush collapses
May 18, 2010
J.K. WallBoard member William "Bucky" Bush, uncle of former President George W. Bush, appeared OK after a shortened meeting in which
shareholders approved
a "say-on-pay" proposal. Protesters gathered outside WellPoint's headquarters after the meeting.
MoreRenamed Conseco OK with less-flashy future
May 15, 2010
J.K. WallCNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy
co-founder
Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability
by selling low-dollar products and emphasizing low-cost operations.
MoreShareholders overwhelmingly OK Conseco name change
May 11, 2010
J.K. WallCarmel-based life and health insurer is now CNO Financial Group Inc. to reflect what company officers call a "transformation"
of the once-troubled firm.
MoreWellPoint, others may need relief from law's spending mandate
May 10, 2010
Bloomberg NewsThe health law passed by Congress in March will force insurers like WellPoint to give rebates to customers next year if the
companies don't meet the medical-spending minimums.
MoreAnthem Blue Cross withdraws big California rate hike
April 29, 2010
Associated PressAnthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent
audit determined the company's justification for raising premiums was based on flawed data.
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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.