Truck fleet insurer’s move to diversify gains traction
Sales of professional liability products are still a small part of total revenue but could reach $50 million by the end of 2013.
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WellPoint least popular insurer in poll of hospital execs
WellPoint Inc., the health insurer that’s lost 19 percent of its market value over two months, is the least popular carrier among hospital executives who have to negotiate with them, an industry survey shows.
WellPoint board member says Braly still backed as CEO
A WellPoint Inc. director said there’s no move by the board to fire CEO Angela Braly for poor performance. Meanwhile, an expert predicted Braly will have at least until early 2013 to right the ship as the company awaits the close of the $4.9 billion Amerigroup acquisition.
WellPoint CEO faces ire of investors who say she must go
WellPoint Inc.’s Angela Braly is facing tough questions about her performance after the Indianapolis-based health insurer reported disappointing earnings last month and cut its 2012 forecast. Investors say Braly is the problem and some are calling for her ouster.
Governors aside, feds building health care exchanges
The feds may be gaining on GOP governors who've balked at carrying out a key part of the health care overhaul law. Opponents of the law say they won't set up new private health insurance exchanges. But increasingly it's looking like Washington will do it for them.
Baldwin & Lyons sees quarterly profit on fewer disasters
Indianapolis-based Baldwin & Lyons Inc. on Thursday reported a profitable second quarter, a year after a series of major natural catastrophes caused a big loss for the transportation industry insurer.
Employee benefits firm plans Indianapolis expansion
Apex Benefits Group plans to invest $1 million and add 25 jobs paying an average of $44 an hour.
Health insurers’ anti-fraud bid seeks to ease profit-limit rule
The Obama administration Thursday announced a partnership with the industry in which WellPoint Inc., UnitedHealth Group Inc. and other insurers may try to share more billing data with the government to root out fraud.
CEO Braly gets WellPoint board backing after cutting forecast
WellPoint Inc.’s board, reacting to criticism after the health insurer cut its profit forecast on Wednesday, said the management team led by CEO Angela Braly has its full support.
CNO Financial reports big earnings gain on higher sales
Earnings at Carmel-based CNO Financial Group Inc. jumped 42 percent in the second quarter on higher sales of its insurance products, the company announced Wednesday afternoon.
Committee passes domestic partner benefits proposal
The plan to offer health-care benefits to domestic partners of Indianapolis city workers passed a City-County Council committee by a 7-0 vote on Tuesday. The full council could consider the measure as early as Aug. 13.
WellPoint shares sink after profit misses analyst estimates
WellPoint Inc. stock fell more than 12 percent Wednesday after the insurer’s quarterly earnings missed analyst estimates and it trimmed its full-year forecast.
WellPoint using deals to prep for new era in insurance
The buying spree is back on at WellPoint Inc., with a twist. A decade ago, the insurer consolidated Blue Cross and Blue Shield plans that catered to employers. Today, it is making deals to grow the non-employer part of its business.
WellPoint agrees to pay for 3 children to get gene test
WellPoint Inc. said it will pay for DNA testing for three children to see if they have an inherited heart disease their father suffers from that often strikes without warning, reversing an earlier decision to deny coverage.
WellPoint shares jump after $4.9B deal for Amerigroup
Investors and analysts like the fact that WellPoint is playing more aggressively in government-sponsored health plans, such as Medicaid and Medicare, which are projected to be the key sectors for growth for the next several years.
WellPoint buying managed care firm for $4.9B
The Indianapolis health insurer is buying Virginia-based Amerigroup Corp. to expand in managed care for poor and elderly patients in the Medicare and Medicaid programs.
Insurance may not cover violators of fireworks ban
Fourth of July enthusiasts who ignite personal fireworks despite bans in their counties may not be covered by insurance if their fireworks cause any damage.
MILLER: Morale, productivity affected by benefits frustration
Have employees reached the tipping point where rising health care costs have forced them to think seriously about jumping ship?
High court health care decision good for some, not others
The Supreme Court's decision Thursday to uphold President Barack Obama's historic overhaul is expected to boost many players in the health care industry, but not every corner of the sector will benefit.
High court ruling could leave 290K Hoosiers uncovered
A decision by Indiana to leave its Medicaid program unchanged could leave as many as 290,000 Hoosier adults, who would have been newly eligible for Medicaid coverage, with no good options.