Indiana insurance department studying Obama proposal
Chief Deputy Insurance Commissioner Logan Harrison says the Department of Insurance doesn't yet know whether state regulators have the legal authority to approve reversals.
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Review: ‘Wicked’ returns to the Murat
The not-so-wicked witch is back in a production that hasn’t given in to road fatigue. Flaws and pleasures remain on my fourth trip down this particular yellow brick road.
Obamacare has many health care insurers worried
The messy rollout of the insurance exchanges has made it hard for carriers to figure out what business will be like in 2014.
First Internet up-shifts in commercial lending
First Internet Bank raised eyebrows this month when it filed a $25 million secondary stock offering said to be for organic growth and “other general corporate purposes.”
Software developer Blue Pillar changes CEOs
Blue Pillar Inc. selected Thomas Willie III to take over as its CEO following the departure of Kevin Kushman. Willie started the new job Nov. 4.
Faces changing on local TV news
Several new faces have been appearing on local television news broadcasts.
Indiana-born coat-checking firm gains steam after ‘Shark Tank’ appearance
Derek Pacqué, who started CoatChex in 2010, appeared a year ago on the ABC show in which entrepreneurs pitch their ideas to prominent investors. Billionaire Mark Cuban offered to invest but wanted a large ownership stake. Pacqué said no, and has since grown his company.
But really, he said, the company is doing just fine without the billionaire.
City designs new strategy to combat panhandling
A bipartisan group of city-county councilors is considering an ordinance that would increase panhandling restrictions, including barring panhandling and street performances within 50 feet of any area where any financial transaction is made.
Study: IU, Purdue rank best in return on investment
Big budgets used to rule in college rankings. But that could be changing. A new report from the Indiana Commission for Higher Education is the latest effort among several nationally to score universities on their bang for the buck.
Growing central Indiana suburbs mull class status
When Fishers becomes Hamilton County’s newest city in 2015, it also will be the first of Indianapolis’ northern suburbs to achieve “second-class” status. Others—including suburban standouts Carmel and Noblesville—qualify for an upgrade because of their growth but have not made the leap. Yet.
Airport terminal’s striking architecture attracts film crews
The airport has hosted in the last few years about a dozen shoots, for everything from magazine covers to television commercials to pilots for short films.
Future murky for Carmel’s 2-story development rule
City leaders are embroiled in a debate over the future of Range Line Road, through the heart of Carmel’s redeveloped downtown. Special density zoning rules are intended to create a consistent look and keep residents from bearing the brunt of the city’s significant infrastructure investment. The question is whether it’s working.
Buyer of Illinois Building envisions conversion into upscale hotel
A high-profile local developer has bought the Illinois Building and is considering offers to convert the downtown landmark into a boutique hotel that could be the city’s first five-star lodge.
Construction
-Capitol Construction has completed a 1,400-square-foot office build-out for Stillpoint Family Chiropractic at 9780 Lantern Road, Fishers.
-Capitol Construction has completed a 1,400-square-foot retail build-out for Edible Arrangements at 10665 E. U.S. 36, Avon.
-Capitol Construction has completed a 4,400-square-foot office build-out for Leukemia & Lymphoma Society at 9075 N. Meridian St.
HEALY: Envision Broad Ripple promotes change
Apparently, it’s no longer possible to undertake a project in Broad Ripple Village without its being labeled “controversial.”
People
–Bill Marsh has joined Colliers International as vice president of retail services.
–Pete Quinn, a founder of Summit Realty Group, has rejoined the firm after eight years with its affiliate, Cushman & Wakefield. Quinn will focus on logistics and corporate facilities services.
–Jeremy Stephenson has joined Milhaus as partner and executive vice president.
Skarbeck: Controversy dogs some public-pension programs
Heated talks are taking place in public-pension boardrooms across the country over issues like risk levels of investments and fees paid to fund managers.
Hicks: News media often misread rotten job numbers
At first blush, 200,000 new jobs noted in the latest jobs report would be welcomed news, as it is almost half the number of jobs we need each month to return labor markets to normalcy by the end of the decade. Alas, the Department of Labor publishes much more detailed data, and in that lurk dark shadows of a still-stagnant economy.
Benner will be missed
Dang! I just read the [Nov. 11] IBJ, as I have done every Monday since forever (always reading Benner’s column first).
Residential
The average rate for 30-year mortgages rose from 4.35 percent to 4.48 percent for the week ended Nov. 13, according to Bankrate.com. The rate for 15-year mortgages rose to 3.49 percent from 3.42 percent the previous week.