Loan losses contribute to First Internet’s poor earnings
Indianapolis-based First Internet Bancorp on Wednesday said it lost $208,806 in the third quarter, as loan losses continued to increase.
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Indianapolis-based First Internet Bancorp on Wednesday said it lost $208,806 in the third quarter, as loan losses continued to increase.
The Senate health care committee is investigating how health insurers, including Indianapolis-based WellPoint Inc., price
the coverage they sell to small businesses.
A top-selling real estate agent pegs 46032 in Carmel and 46240 in Indianapolis as tops.
After winning 83-percent support for $754 million hospital, Wishard officials hope to sell bonds, pick construction firm
by year’s end.
Today more schools will be handing out consent forms to students in Marion County, seeking permission to give children the
H1N1 vaccine during school hours. But thereâ??s still a major concern: Officials expect 70,000 students will sign up for the
vaccine, but the health department admits it doesn’t have that many doses. Even so, the health department hopes to have all
elementary kids vaccinated before Thanksgiving break.
Friends are mourning the death of 12-year-old Helaina Hawkins after she was struck by a car last night on 10th street near
Country Club Road on the west side. The Chapel Hill Junior High student was heading home after playing with friends when she
was struck crossing the street on roller blades. She died at the scene. Police say there’s no indication the driver, Clarence
Waters, 60, of Waterloo, was impaired or driving at a high rate of speed. Neighbors say the street is poorly lit.
Police are looking for a sport-utility vehicle that witnesses say was damaged when a man drove it into an east-side bar following
a fight early today. The incident occurred at Bar 52 near Sherman Drive and English Avenue. Bystanders said a man left the
bar after a dispute and got into a Dodge Durango, which he rammed into the side of the building several times. No one was
injured.
The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and
restaurants downtown.
The Percussive Arts Society plans to open an interactive museum at Washington and Illinois streets downtown.
Indiana schools chief Tony Bennett on Tuesday dismissed criticism of his plan to revamp the state’s teacher licensing standards,
saying some in higher education oppose it because they fear how they eventually could be affected.
Voters in Beech Grove on Tuesday endorsed a tax increase to keep school buses operating, while other education-related measures in two Marion County townships failed.
Ohio voters hit hard by the economic downturn have approved casinos on the fifth try by gambling supporters in the past two
decades.
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss of $356,000.
Calumet Specialty Products LP posted a profit of $3.9 million in the third quarter, recovering from a $12.5 million loss in
the same period last year.
Locally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate
and professional sports licensed apparel what Hat World did for headwear.
Carmel-based Telamon Corp. rose to become one of the largest minority-owned businesses in the area largely by serving telecommunications giants. Now it is veering off its traditional course to supply racing teams with an ethanol-based fuel made from Indiana corn.
Under the House health reform bill, families of four making $66,000 or more would pay 15 percent to 20 percent of their income on health insurance and medical claims. By contrast, families making $54,000 or less would pay no more than 11 percent. Read the full Congressional Budget Office
By year’s end, Americans will have access via a Web site to a new database that will allow them to track what Indianapolis-based
WellPoint Inc. and other health insurers pay doctors who are not in their pre-negotiated networks, according to Bloomberg
News.
The not-for-profit database is being funded with $100 million in legal settlements from 12 health insurers
as part of a lawsuit by New York Attorney General Andrew Cuomo.
He said insurers were using
the Ingenix database, owned by Minnesota-based UnitedHealthcare, which used faulty data in order to reduce payments to doctors,
which left patients with larger bills.
The 12 insurers have agreed to use the database, hosted at Syracuse University,
to set the rates they’ll pay when their customers receive services from physicians that are “out of network,”
which means the doctor has not agreed in advance to give the insurer a discount.
WellPoint settled with Cuomo by
agreeing to pay $10 million. UnitedHealthcare paid the most: $50 million.
Paige Dooley, a registered nurse, will become vice president of nursing at Community Hospital East in
Indianapolis on Nov. 16. She will succeed Mary Browning, who is now vice president of nursing for the ambulatory division
of Community Health Network. Melodi Bauer has held the nursing vice presidency in an interim capacity since April 2008.
Dr. H. N. Nagaraja joined Riverview Diabetes and Endocrinology
in Noblesville. He specializes in thyroid conditions.
Dr. Damion M. Harris, an orthopedic surgeon
specializing in shoulders, joined Henry County Center for Orthopedic Surgery & Sports Medicine in New Castle. Harris received
his medical training at the Indiana University School of Medicine.
Dr. Brock P. Nolan
has joined St. Francis Psychiatric Associates in Indianapolis. Nolan most recently served as medical
director of behavioral health services at Luke Air Force Base in Phoenix.
Dr. Robert
W. Zickler has joined St. Francis Vascular Associates in Indianapolis. He comes to St. Francis from Virginia, where
he was a staff surgeon at Mary Washington Hospital. Zickler focuses on aortic stent grafting, carotid artery surgery, minimally
invasive vein surgery and limb salvage surgery.
Thomas Sparks, a researcher at Indianapolis-based
Dow AgroSciences, was named scientist of the year by R&D Magazine, a trade publication. Sparks won the award for his team’s
work developing pesticides that are more environmentally friendly.
Reuben Kapur has been named
program leader for Hematologic Malignancies and Stem Cell Biology Research Group in the Herman B Wells Center for Pediatric
Research at the Indiana University School of Medicine.