Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
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.
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.
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.
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 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.
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.
The back-loaded enrollment process for the Obamacare exchanges gives insurers far, far less information about their new customers than usual.
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.
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.
Big claims in recent years are driving up prices of policies in Indiana and causing some insurers to cut back coverage.
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.
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.
Brian and Emily Kahn had virtually identical physical therapy. He paid much more than she did. Why? Because of where the therapy took place.
Thousands of farmers are filing insurance claims this year after drought and triple-digit temperatures burned up crops across the nation's Corn Belt, and some experts are predicting record insurance losses — exacerbated by changes that reduced some growers' premiums.