CNO Financial Chairman Hilliard stepping down
R. Glenn Hilliard, 68, who has held the chairman's title since September 2003, said he will not seek re-election.
Insurance
Articles
OneAmerica promotes CFO Davison to executive vice president
With the company recently doubling in size, CEO Dayton Molendorp wanted another executive to guide the company’s further growth.
WellPoint sees strong enrollment in big accounts
WellPoint Inc. has already more than doubled the enrollment gains it expected in 2011 for national accounts that the health insurer administers for large employers.
WellPoint expects employer biz to stagnate
Over the next five years, WellPoint Inc. expects the employer-sponsored insurance business to shrink slightly, forcing it to shift its focus to government-sponsored plans.
WellPoint board declares 25-cent dividend
WellPoint Inc. became the latest health insurer to reward shareholders with a quarterly payout after piling up cash from a string of strong financial performances.
UPDATE: CNO shares soar after quarterly profit rises
The Carmel-based life and health insurer, in an after-markets announcement, said it earned $168.2 million in the final three months of last year, a big jump from the $18.2 million profit it posted in the same quarter the prior year.
Health insurers expect hit from reform rule
Major health insurers, including WellPoint, say a provision that requires them to spend a certain percentage of the premiums they collect on care-related costs will eat into earnings this year.
Indiana Farm Bureau unveiling ads during Super Bowl
The insurer’s new campaign, developed by local advertising firm Young & Laramore, focuses on real-life situations amid a crowded field of competitors.
Baldwin & Lyons reports higher revenue, lower profit
Indianapolis-based insurer of car and truck fleets posts quarterly profit slightly lower than a year ago. Revenue, however, rose to $67.7 million, up from $60.8 million in 2009.
House passes measure fixing unemployment fund
The Indiana House approved a bill Monday to help fix the state's bankrupt unemployment insurance fund by reducing jobless benefits for some people and softening tax increases on businesses.
Florida judge strikes down health care overhaul
A federal judge ruled Monday that the Obama administration's health care overhaul is unconstitutional, siding with 26 states, including Indiana, that sued to block it.
WellPoint profit better than analyst estimates
Excluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
State lawmakers to take on unemployment insurance
Businesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.
California judge bars Conseco Life from boosting rates
A federal judge in Los Angeles ruled Wednesday that Carmel-based Conseco Life Insurance Co. may not follow through with a plan to raise policy rates for more than 50,000 mostly elderly policyholders.
Daniels’ budget proposal wouldn’t cut hearing aids
State budget director Adam Horst said he misspoke when he told the State Budget Committee last week that Daniels&’ proposal would eliminate Medicaid coverage for hearing aids.
LAMKIN: Health care reform is opportunity to reorganize services
Indiana should take advantage of the opportunity to build a comprehensive exchange.
By wide margin, Anthem still city’s largest insurer
Anthem Blue Cross and Blue Shield’s share of the Indianapolis area has leveled off, even though it still insures more than half the commercial market—or three times as much as its nearest competitor.
IndyCar deal creates series-branded insurance plan
Open-wheel race series signs three-year sponsorship pact with Dallas-based Global Corporate Alliance.
Conseco brass agree to settle 8-year-old suit for $41.5M
The suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer Jim Adams of engaging in a “massive and systematic coverup of … actual debts and losses through complex accounting, misleading disclosures, and irregular accounting practices.”
New company taking over troubled Standard Life
State Insurance Commissioner Stephen Robertson said agreements have been reached for the $1.7 billion in policies and financial obligations of Carmel-based Standard Life Insurance Co. to be assumed by Guggenheim Life and Annuity Co.