Agency settles stadium water damage claim for $6.2M
Flooding from a drainpipe malfunction caused extensive damage to Lucas Oil Stadium’s data center prior
to its opening in August 2008.
Insurance
Articles
OneAmerica to acquire McCready and Keene
McCready and Keene Inc. is the fifth-largest employee benefits firm in the Indianapolis area. It employs 95 people nationally, 82 of them in Indianapolis, according to IBJ research.
Insurer WellPoint to reaffirm 2010 profit outlook
Wellpoint has stuck to the $6-per-share forecast since January even after reporting that first-quarter net income jumped 51
percent, easily topping Wall Street expectations.
Slow economy bruises profits of Indiana’s largest public companies
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
WellPoint CFO says feds may phase in medical-spending rule
U.S. regulators may phase in requirements on how much health insurers spend on medical care to avoid pushing plans out of
the market for people who buy their own coverage, WellPoint Inc.’s chief financial officer said Wednesday.
Indy firm launches bedsore weapon
The latest idea from Dr. James Spahn, an Indianapolis health care entrepreneur, should help hospitals and nursing homes do
a better job of preventing severe bedsores, or pressure ulcers. That’s good, because Medicare and private health insurers
increasingly won’t pay to treat them.
Report says Blue Cross worst in insurance claim accuracy
One in five medical claims is processed inaccurately by commercial health insurers—and a unit of Indianapolis-based
WellPoint Inc. does even worse—often leaving physicians shortchanged, according to the nation's largest doctor's
group.
Insurer WellPoint plans online care option
WellPoint plans to build a network of primary care doctors and specialists who will be available any time to consult with
patients.
Obama gives states $250 million to review insurance premiums
WellPoint may face the most threat from more aggressive reviews. The Indianapolis insurer is the leader in small-business
and individual policies, areas that have seen the biggest increases in recent years.
WellPoint spent $1.4M lobbying government in first quarter
The Indianapolis-based insurer’s first-quarter spending is 16 percent more than it spent in the same quarter last year and
in the fourth quarter of 2009.
WellPoint pledges two-day hospital stays after mastectomy
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay
for any breast cancer patient to stay two days in a hospital after surgery.
Effective stats are new hurdle for U.S. drugmakers
WellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers.
The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement
to typical clinical trial research that compares a drug against a placebo sugar pill.
Police reviewing death of Tomisue Hilbert’s mother
Information that could prove her death was not an accident has surfaced during civil proceedings involving a life insurance
policy.
ER doc is affable WellPoint activist
Dr. Rob Stone wants the giant health insurer to convert to not-for-profit status and put him, an advocate of national health
insurance, on the company’s board.
Buffett bails on WellPoint
Influential investor sold off all 1.3 million shares in the Indianapolis-based health insurer during the first quarter.
WellPoint meeting ends abruptly as Bush collapses
Board member William “Bucky” Bush, uncle of former President George W. Bush, appeared OK after a shortened meeting in which
shareholders approved
a “say-on-pay” proposal. Protesters gathered outside WellPoint’s headquarters after the meeting.
Sebelius sees insurers as health reform partners
U.S. Health and Human Services Secretary Kathleen Sebelius said having insurers as "good partners" is part of health
care reform, but she made no promises Friday to tone down criticism of an industry the Obama administration has attacked repeatedly.
Renamed Conseco OK with less-flashy future
CNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy co-founder
Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability
by selling low-dollar products and emphasizing low-cost operations.
Shareholders overwhelmingly OK Conseco name change
Carmel-based life and health insurer is now CNO Financial Group Inc. to reflect what company officers call a “transformation”
of the once-troubled firm.
Report: WellPoint, Aetna may need relief from cost mandate
The U.S. health overhaul’s mandate that insurers spend 80 percent of premiums on medical care may
need to be loosened
to keep companies from quitting the market for people who buy coverage on their own, state regulators said.