Gallagher buys two more brokers to increase size
Dane Hudson continues an acquisition binge aimed at making Arthur J. Gallagher & Co. a stronger health benefits broker in
the Indianapolis market.
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BANKRUPTCIES
BANKRUPTCIES Eagle Kustom Home Builders Inc., 3793 Barnstable Road, Carmel, 46032. Chapter 7 liquidation. Assets: $1,200,497; liabilities: $1,733,925.
Maurer gift is IU’s fourth largest
IBJ co-owner Michael Maurer’s $35 million gift to the Indiana University School of Law in Bloomington is the fourth largest
from an individual in the history of the university.Tourists rank Indianapolis as the second-most-popular Midwestern destination
Fueled by a $740,000 regional advertising campaign, local tourism spending went sky high even as the economy was in a free
fall.Hamilton County businesses expand
Despite the recession, Hamilton County continues to enjoy economic growth from both old companies and new ones.
‘Star’ scales back on reviewing arts events, much to promoters’ dismay
The Indianapolis Star, the state’s largest daily newspaper, has scaled back its roster
of critics in recent years — a reduction in coverage that put the onus on local arts promoters to get the word out through
other channels, such as blogs.Fledgling food-ag venture firm raises $28M fund
A new Carmel venture-capital firm focused on food and agriculture has closed its first fund with $27.8 million, including $15 million from Indiana investors. IN Partners LLC announced the landmark yesterday but continues to raise money. Ron Meeusen, a co-founder and managing partner, said IN Partners is one of only a handful of venture firms […]
State takes over troubled Standard Life
Standard Life Insurance of Indiana has been taken over by Indiana regulators after massive investment losses threatened its obligations to policyholders. Indiana Insurance Commissioners Jim Atterholt won an order of rehabilitation from Marion County Circuit Judge Theodore Sosin yesterday, granting him management authority over the company. Standard Life is owned by Kentucky-based Capital Assurance Corp., […]
Businesses on MLK give revitalization another shot
The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by
uniting area business owners behind a common goal — cleaning up the community to attract other entrepreneurs.Tax-cap bill, jobless fund among top business issues during legislative session
Several major issues with business implications are expected to receive ample attention when legislators convene next month,
particularly the continuing saga of property-tax relief and the state’s ability to pay jobless benefits.Ron Hunter’s bare feet top the local year in sports
IUPUI basketball coach Ron Hunter is my first—and highly unofficial—Indiana Sportsperson of the Year.
Tougher standards give Appel Heating and Air Conditioning a boost
Business at Carmel-based Appel Heating and Air Conditioning isn’t cooling off, despite the nation’s economic woes. Revenue
continues to increase as the industry becomes more environmentally friendly.Angie’s List chief builds company, rebuilds Holy Cross
For several years, Angie’s List CEO Bill Oesterle also has been quietly attempting to revitalize the near-east side.
Taking a sightseeing vacation … right here in Indy
For eight years, we’d gone out of town for the holidays. But in this particular year not too long ago it looked like we had
no choice but to stay put. So we decided to do the same thing here that we would have done in Utah—sightsee.Conseco shares suffer after downgrade-WEB ONLY
Carmel insurer Conseco Inc.’s shares dropped 5.5 percent yesterday after an analyst downgraded the stock after regulators alleged that the company underfunded its policies.The stock closed the day at $4.45.New York-based Keefe, Bruyette and Woods Inc. cut its rating for Conseco and reduced its price target on the shares from $10 to $8, citing pending […]
Kite clears $23.6 million from property sales-WEB ONLY
Locally based Kite Realty Group Trust has completed the sale of its Spring Mill Medical office complex in Carmel and Silver Glen Crossing shopping center in Chicago for a combined $48.5 million.After adjusting for partners’ shares, the real estate investment trust netted $23.6 million, the majority of which was used to pay down its unsecured […]
Conseco to enter talks with Florida regulators-WEB ONLY
Conseco Inc. and the Florida Office of Insurance Regulation have agreed to enter discussions after the regulator threatened to revoke Conseco’s license in that state due to problems with its life insurance policies there. Officials at Carmel-based Conseco say they brought the problem to the attention of officials after they discovered a long-running error that […]
Local chiropractor bounces into fitness business
Fishers chiropractor Steven Roberts had been teaching fitness classes using inflatable exercise balls for about seven years when he had a brainstorm—his adult clients might get even more out of them if the balls had handles.
Carmel startup lands $12M-WEB ONLY
A Carmel startup that hopes to research drug components here and make them in China has just raised $12 million in venture capital-despite the recession and a deep freeze in financial markets. The founder of 2-year-old Waterstone Pharmaceuticals Inc. is Chinese native Faming Zhang, 44, a former Eli Lilly and Co. executive and Indiana University […]
Town of Fishers considers new form of government
Sitting in gridlocked traffic along Interstate 69, Fishers residents might already think of their town as
a city. This sprawling suburb of 65,000 people certainly looks nothing like the burg of less than 1,000 it was three decades ago.
But down at the municipal government complex, Fishers is still a town, just as it was incorporated in 1891.