Insurance companies sue Indy shopping center owner in dispute over environmental site cleanup
Travelers and St. Paul Fire and Marine filed a lawsuit against Washington Shoppes on Nov. 26 in Marion Superior Court.
Insurance
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Pet perks: More employers offering pet insurance, letting pups come to the office
The rise of pet insurance and pet-friendly workplaces comes amid wider societal changes with health benefits experts citing people waiting longer to have children and increasingly treating pets as part of the family.
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Insurance-tech firm Remodel Health raises $100M in growth funding
The firm, which helps employers transition workers to individual health insurance plans, has more than doubled its workforce in the last year and hopes to go on an acquisition spree.
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Auto insurance rates keep rising
For a variety of reasons, some related to the pandemic, auto insurance premiums have risen dramatically over the past few years.
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OneAmerica to sell retirement plan business in deal worth up to $210M
Indianapolis-based OneAmerica Financial Inc.—the city’s largest private company—has agreed to sell its full-service retirement plan business to New York City-based Voya Financial Inc., the companies announced Wednesday.
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Articles
Doctors, advocates brace for potentially ‘tragic’ premium increases
Five Indiana marketplace insurers—Anthem, UnitedHealthcare, CareSource, Cigna and Coordinated Care Corp.—will hike premiums an average of 31.4% effective Jan. 1 under plans recently approved by the Indiana Department of Insurance.
Hoosiers feeling the pinch from home insurance increases
Fueled by climate change and a significant increase in severe weather, home insurance premiums are on the rise nearly everywhere.
Hoosier employers increasingly turn to self-insured plans to trim costs
The average privately employed Hoosier is 20% more likely to be enrolled in a self-insured plan than the average privately employed American.
Elevance completes IU Health Plans acquisition
IU Health Plans operates employer plans and Medicare Advantage plans in 36 counties.
Skyrocketing car-insurance premiums pushing inflation higher
Insurance premiums are among a handful of stubborn costs that have yet to yield much relief for consumers, in addition to shelter costs and other services like medical care.
Cohen & Malad wins class-action status in Gerber Life lawsuit
The class would include more than 2 million people who paid premiums totaling more than $700 million, Cohen & Malad said in a statement.
Elevance shares tumble on reduced forecast, Medicaid woes
The Indianapolis-based health insurance giant said Thursday that its Medicaid enrollment tumbled 19% from 11 million people in last year’s third quarter.
Thousands of uninsured homes were in Helene’s path
On average, just a tiny fraction of households in the inland counties hit hardest by Hurricane Helene and its remnants had flood insurance, according to analysis of recent data from the National Flood Insurance Program.
Fifth Third Bank to pay $5M to settle auto insurance allegations
Consumer Financial Protection Bureau Director Rohit Chopra said the bank had been “illegally loading up auto loan bills with excessive charges,” with about 1,000 families losing their cars to repossession as a result.
Former Indianapolis-area insurance broker sentenced to prison for $4M Ponzi scheme
Former insurance broker Brian Simms perpetrated the fraud through his company, Brendanwood Financial Brokerage LLC in Carmel.
Carmel-based CNO extends title sponsorship of Indianapolis Monumental Marathon
CNO Financial first signed on as title sponsor of the Indianapolis Monumental Marathon in 2016.
CEO’s love for swimming leads OneAmerica to sponsor USA team
Scott Davison has a lifelong love of the sport. Knowing this helps explain why OneAmerica’s name and logo will be deeply imbedded in the U.S. Olympic Swimming Trials in Indianapolis.
Jury awards more than $42M to Avon man with brain injury from crash with Tesla employee
The jury returned the verdict Wednesday against Tesla Inc. and its long-time employee Kyle Kaszuba for the accident in which motorcyclist Chris Dugan was severely injured.
Suspended license? Indiana lawmakers commit to ‘fix’ BMV insurance verification notices
Hundreds of Hoosiers each year unknowingly have their licenses suspended after auto accidents—specifically for failing to respond to the Bureau of Motor Vehicles’ mailed requests for insurance verification.
Indiana among states urging feds to reconsider nursing home staffing requirements
This fall, the Biden administration unveiled a controversial proposal that would create a staffing requirement, which has faced significant pushback from the nursing home industry.
Drivers squeezed as auto insurance costs soar across U.S.
Federal rules allow insurers to consider socioeconomic factors when setting rates, leading to the worst increases being borne by the people least able to afford them.
Home insurers cut natural disasters from policies as climate risks grow
individuals and families in places once considered safe from natural catastrophes could lose crucial insurance protections while their natural disaster exposure expands or intensifies as global temperatures rise.
Longtime Indianapolis business leader Jerry Semler dies at 86
Semler, who spent almost a quarter-century in executive leadership at American United Life Insurance Co. and served as a board director for a multitude of central Indiana civic, business, charitable and arts organizations, died Monday.
FDIC recommends raising insured deposit limit for businesses
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal.