Geico facing $5.2M payout to woman who got HPV after sex in car
A three-judge appeals court panel upheld a county court’s decision affirming an arbitrator’s finding that the woman was entitled to the award.
Insurance Claims
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Investors say they are owed money from life settlements
The Indiana Secretary of State is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities, which include EDU Financial Strategies, EDU Holding Trust, EDU Trust Services LLC and EDU Wealth Advisors LLC.
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IRT can’t claim coverage for COVID-related losses, appeals court affirms
Despite the “dire” financial downturn caused by COVID-related business closures, the Indianapolis Repertory Theatre can’t claim loss-of-use coverage under its insurance policy, the Court of Appeals of Indiana ruled.
Carmel-based CNO Financial sees profit soar in third quarter
Carmel-based CNO Financial Group Inc. saw a sharp increase in profit during the third quarter, partly because its customers deferred seeking medical care and, as a result, submitted fewer health insurance claims.
Startup takes high-tech approach to stopping leaks before homeowner gets soaked
An Indianapolis startup with a unique back story is introducing a solution to a very old—and expensive—problem. Peril Protect is ready for national expansion.
Pearl Street Pizzeria, Pure Eatery sue insurer over COVID-19 claim denial
The suit, filed earlier this month, alleges that Wisconsin-based Society Insurance rushed to deny the restaurants’ claims for COVID-19-related business losses without properly investigating the claims.
Protective Insurance seeks to regain footing in tough environment
Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
Most Harvey victims uninsured, face big bills alone
Many families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell.
Anthem takes harder line on ER visits
Starting Oct. 1, Anthem said, it could deny claims for hundreds of non-emergency diagnosis codes, such as bruises, rashes, minor burns, swimmer’s ear and athlete’s foot.
Insurers deny claims based on questionable cell tower data
Insurers are using cell phone location data to deny property claims by casting doubt that customers were where they said they were. Experts disagree about the accuracy of such investigations.
After $5M theft, Telamon gets banged up in court
Telamon’s quest to get its insurers—units of Connecticut-based Travelers Insurance—to cover the losses have not gone smoothly, to say the least.
Insurers plot test to build better provider directories
The trade association America's Health Insurance Plans, or AHIP, will soon start testing a more efficient way to update insurer provider directories. Indiana will be one three states where the method will be tested.
Fishers-based NCA Group acquired by Louisiana firm
NCA Group Inc., an insurance-claims services firm that has been based in Fishers since its founding in 1984, has reached an agreement to be acquired by Hammond, Louisiana-based Worley Claims Services.
Simon wins $150M after long legal battle with 16 insurers
Simon Property Group has been awarded a major victory in a nearly five-year legal battle following a flood that severely damaged one of Simon's shopping malls in May 2010.
Cost-control plan for health care could cost more patients
The Obama administration has given the go-ahead for a new cost-control strategy called "reference pricing." It lets insurers and employers put a dollar limit on what health plans pay for some expensive procedures.
Health insurers must make educated guesses on 2015 prices
The back-loaded enrollment process for the Obamacare exchanges gives insurers far, far less information about their new customers than usual.
Homeowners in flood zones fear insurance spike
Steep increases are being felt from south Louisiana to New England to Columbus, Ind., are required by the Biggert-Waters Reform Act of 2012. That legislation, signed by President Obama two years ago, set into motion a process designed to start shaving down the flood insurance system's mounting deficit.
Costs of rare November storms, tornadoes top $1 billion
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc.
Home insurers changing policies, raising premiums in wake of losses
Big claims in recent years are driving up prices of policies in Indiana and causing some insurers to cut back coverage.
Airport authority sues insurance carrier for $9.2M
The Indianapolis Airport Authority claims Travelers Property Casualty Co. of America failed to pay it all the money it is owed following a steel-beam collapse during construction of the midfield terminal.
Healthx using IT to connect insurers to their customers
Health insurance has long been a business-to-business endeavor between insurers, employers, hospitals and doctors. Patients received benefits, but they weren’t really customers. That’s all about to change.