Alan Sword, who sold Medicare Advantage plans on behalf of Anthem, was suspended in an emergency order issued Jan. 30 by Amy Beard, commissioner of the Indiana Department of Insurance.
Indianapolis-based insurance broker ONI Risk Partners Inc. announced Tuesday that it would acquire Green Owens Insurance Inc., a 38-year-old independent agency based in Franklin.
At least half of the drivers in the Indianapolis 500 field get their life insurance from the same Indianapolis-based insurance agency.
Health insurance brokers in Indianapolis and across the country are increasingly helping companies, especially small ones, move from traditional employer-sponsored health benefits to what they call an individual strategy.
The expansion at Keystone at the Crossing would nearly double the insurance brokerage firm's Indiana workforce to 49.
Two local insurance agencies with long histories and well-known leaders have merged, creating a firm with eight Indiana offices, 145 agents and more than 160 employees.
So-called “zero-premium plans” are priced in such a way that their premiums would be no greater than the federal tax subsidies that low-income buyers could claim.
The Carmel insurance agency acquired three separate companies in a flurry of activity at the end of the year that will add 17 people to its staff.
Tobias Insurance, the Indianapolis area’s eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners. Tobias will retain its name, employees and leadership.
Property-casualty and employee benefits firm MJ Insurance buys Mead & Co., which dates to the 1860s.
Apex Benefits Group plans to invest $1 million and add 25 jobs paying an average of $44 an hour.
While mergers and acquisitions have been rampant in central Indiana’s benefits-broker industry the past five years, a handful of brokers has grown the old-fashioned way—by adding clients.
CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
More than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
The Carmel office of Arthur J. Gallagher & Co. just made its sixth acquisition in five years, and it expects looming changes to tax and health laws to produce even more chances to snap up benefits brokers this year.
Companies that drop insurance coverage could, without spending any more money than they are now, give workers an 11-percent raise or else help them save as much as $2,000 per year buying health coverage in one of the exchanges, IBJ calculations show.
An Indianapolis insurance brokerage disciplined for unauthorized legal practice might now face millions of dollars in claims from more than 4,000 former clients because of a class-action suit filed in Marion Superior Court.
Health insurance brokers, who match up employers with health insurance policies, are about to have a brighter light shone on the commissions they earn from insurers. The likely result: Commissions will fall or flatline and, eventually, fall away in favor of fee-based business models.
Indianapolis-based benefits brokerage Mavum Consulting LLC has sold its assets to Florida-based Brown & Brown Inc., the latest in a wave of broker consolidation in recent years.
Ash Brokerage Corp. and InSource Inc. have merged to create Ash InSource LLC, a company with annual fixed and equity-indexed annuity sales of more than $1 billion.
