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Anthem increases its hold on Indiana

March 24, 2008

Anthem Insurance Co. added nearly 75,000 commercial customers last year, pushing its total up more than 4 percent. Anthem,
a subsidiary of Indianapolis-based WellPoint Inc., now claims a whopping 1.8 million commercial customers in the state. The
trouble is, Anthem’s dominance limits price competition, according to benefits brokers, making it hard for local HMOs such
as M-Plan or even some national players to compete.

Farm Fresh clients pay a premium to support local growers, organics

March 24, 2008

Matt Ewer and his wife, Elizabeth Blessing, launched Farm Fresh Delivery LLC in July. With nearly 500 subscribers already,
the organically- and locally-grown-groceries delivery business is blooming in a segment where many large, mass-market retailers
failed during the dotcom bust.

VOICES FROM THE INDUSTRY: Credit card companies boost enforcement efforts

March 24, 2008

When American Express and Diner’s Club introduced the first credit cards in the 1950s, few people could have anticipated their presentday popularity. And even fewer could have anticipated the creative ways identity thieves would find to conduct credit card scams. They install cameras in and around ATM machines, engage in sophisticated online phishing schemes, and hack into large databases to obtain Social Security numbers, credit card numbers and drivers licenses. Through the Internet, thieves buy and sell those numbers as…

WellPoint prospects worry ratings agency

March 21, 2008

A.M. Best Co. lowered its outlook on WellPoint Inc.’s financial strength, citing concerns about the company’s growth potential. Best, the nation’s most-influential insurance ratings agency, maintained WellPoint’s A grade, which means it is in excellent position to pay future medical claims. But Best lowered its outlook on the Indianapolis-based health insurer from positive to stable. […]

Sinks, brownfields and insurance

March 17, 2008

Getting you up to date:

Airport sinks approved
The Indianapolis Airport Authority board has approved an obscure bid package known as “T-31” that provides for the installation of floor-level foot sinks for…

Auto parts strike claims 250 more workers

March 17, 2008

Pilkington North America Inc. has temporarily laid off 250 workers at its Shelbyville plant as General Motors Corp. slows production due to a strike at another one of its suppliers, Detroit-based American Axle and Manufacturing Inc. The Shelbyville glass-making plant, which employs 400, might shut down through April 1, according to the Shelbyville News. Pilkington […]

VOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than ever

March 17, 2008

Rapid growth in the high-tech fields of biotechnology and life science has made Indiana a shining example of how promoting emerging industries can transform an agricultural and manufacturingbased economy into a national leader in innovation. It has done so by creating an environment in which knowledge-based businesses can thrive. Building on this success, Indiana continues to position itself as a leader in emerging technologies. A new tax law that took effect this year will present another major step toward this…

Mellencamp does Indiana proud CHRIS KATTERJOHN:

March 17, 2008

A friend of mine did a project once with Indiana rocker John Mellencamp and said he was one of the biggest jerks he’d ever met. It put a bad taste in my mouth. Not one who was wild about his music to begin with, I liked him even less after that. Well, the Hoosier musical icon was inducted into the Rock and Roll Hall of Fame March 10 after failing to get enough votes when nominated in both 2003 and…

Flood of appeals expected after rushed biz property-tax assessment

March 17, 2008

In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to
the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would
see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.

Rooney: healer or heretic in health insurance industry?

March 17, 2008

The “father of health savings accounts” isn’t satisfied. At 80, J. Patrick Rooney is gearing up for another health care reform
battle in Washington–five years after winning a colossal victory when Congress awarded health savings accounts tax-free status.

Lilly waging battle to protect its coveted cancer drug: Drugmaker keeps rivals after Gemzar at bay through patent-infringement lawsuits

March 17, 2008

As Eli Lilly and Co. fends off allegations in an Alaskan courtroom involving its top-selling Zyprexa drug, the pharmaceutical giant is locked in another battle closer to home. The dispute winding through U.S. District Court in Indianapolis concerns the billion-dollar cancer drug Gemzar and Lilly’s attempts to prevent rivals from selling generic versions. While patent-infringement claims may be less intriguing than accusations that Lilly failed to warn doctors and patients about complications related to Zyprexa, the Gemzar case still has…

Texas investor wins over Steak n Shake shareholders, aims for chairmanship

March 17, 2008

Texas investor Sardar Biglari rode a wave of shareholder anger to a landslide victory in his quest for Steak n Shake Co. board
seats. Now, the dissident 30-year-old investor who models his approach after Warren Buffett’s is hoping to deliver on his
promise to turn around the Indianapolis-based chain, with or without the chairmanship he covets.

Anthem pitching new wellness program to employers: Insurer rolls out 360* Health program in Indiana

March 17, 2008

* Health program in Indiana To Randy Reichmann, warning workers about unhealthy lifestyles was nothing new. But it took just four words for a new wellness program from Anthem Blue Cross and Blue Shield to grab his attention: free gym membership-citywide. “You can’t just say, that’s bad for you. You have to say what you’re going to do that’s good for you,” said Reichmann, president of the Indianapolis region for Old National Bank. The Evansville-based bank is the first Indiana employer…

Another noose found at Lilly, law firm claims

March 12, 2008

A law firm pressing a racial discrimination lawsuit against Eli Lilly and Co. says a security guard found a noose hanging in a tree on Lilly’s corporate campus in Indianapolis. Rose & Rose, a Washington, D.C., law firm, sent a statement about the incident late yesterday. The law firm is representing a group of current […]

Medco center to study drug effectiveness

March 11, 2008

A research center to be included in the Medco Health Solutions Inc. pharmacy distribution center at Whitestown will study drug data, genetic testing and medical claims data, the company said today. With help from colleges and universities, the center will look for ways to use the information to cut costs and improve patient health, said […]

WellPoint news could presage industry slump

March 11, 2008

WellPoint Inc.’s woes made for a gloomy day on Wall Street and could turn into year-long gloom for the whole industry. That’s what at least one Wall Street firm said after Indianapolis-based WellPoint sharply lowered its profit forecast late yesterday. Its share price fell 26 percent this morning, to $48.55. Goldman Sachs and Co. slashed […]

Museum of Art fashion show to highlight local designers

March 10, 2008

It’s not easy to make a living in high fashion, especially in a city where the “garment district” extends only to the nearest
Hancock or Jo Ann Fabrics. Still, Indianapolis has a little something up its sleeve–more than a dozen designers who are prepping
their collections for “Project IMA,” a fashion show modeled after Bravo’s reality hit “Project Runway.”

Telamon on the rebound: Diversification puts Carmel technology firm back on fast track, prevents layoffs

March 10, 2008

In 2003, Carmel-based Telamon Corp. hit rock bottom. So, founder Albert Chen returned to his roots. Taiwanese native Chen, 63, had spent two decades building his firm to serve telecommunications giants. But when the dot-com bubble burst, the telecom industry tanked along with it. Telamon-then Indiana’s largest minority-owned business-saw its annual revenue plummet $300 million, down from $456 million in 2001. Most managers would have chosen to shrink Telamon to reflect its new reality. But Chen doesn’t do mass layoffs….

Creditor pursues Premier property

March 10, 2008

Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.’s most prized developments, a giant
Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former
Wal-Mart store in front of Premier’s Metropolis mall in Plainfield.

Borshoff is latest communications company to diversify: Firm known for public relations seeks creative growth

March 10, 2008

An Indianapolis-based firm long known for public relations and crisis communications work is now trying to make its mark as a full-service advertising agency. Borshoff, formerly Borshoff Johnson Matthews, last month hired Art Haynie, a veteran Los Angeles-based creative director, to bolster the effort. “Public relations has been our handle for a long time,” said company founder Myra Borshoff Cook. “Now, we have to get the word out that we’re just as strong in other areas. To grow we feel…

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People

David Bordenkecher

Articles

Anthem increases its hold on Indiana

Farm Fresh clients pay a premium to support local growers, organics

VOICES FROM THE INDUSTRY: Credit card companies boost enforcement efforts

WellPoint prospects worry ratings agency

Sinks, brownfields and insurance

Auto parts strike claims 250 more workers

VOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than ever

Mellencamp does Indiana proud CHRIS KATTERJOHN:

Flood of appeals expected after rushed biz property-tax assessment

Rooney: healer or heretic in health insurance industry?

Lilly waging battle to protect its coveted cancer drug: Drugmaker keeps rivals after Gemzar at bay through patent-infringement lawsuits

Texas investor wins over Steak n Shake shareholders, aims for chairmanship

Anthem pitching new wellness program to employers: Insurer rolls out 360* Health program in Indiana

Another noose found at Lilly, law firm claims

Medco center to study drug effectiveness

WellPoint news could presage industry slump

Museum of Art fashion show to highlight local designers

Telamon on the rebound: Diversification puts Carmel technology firm back on fast track, prevents layoffs

Creditor pursues Premier property

Borshoff is latest communications company to diversify: Firm known for public relations seeks creative growth