Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
President Donald Trump will begin a push Thursday to fight health care sticker shock by limiting the unexpected charges faced by insured patients when a member of a health care team that treated them is not in their insurer’s network.
The Orlando-based benefits provider, Web Benefits Design, will continue to operate under its existing name.
The nation's second largest insurer said Wednesday that enrollment in its fully-insured coverage jumped more than 6%, to 15.3 million.
The plans at issue in Bates’ ruling Thursday allow groups of small businesses and sole proprietors to band together to offer lower-cost coverage that doesn’t have to include all the benefits required by Obamacare. They also can be offered across state lines.
The insurance company’s executive team is split between three cities that house its major brands. Chicago-bound CFO Paul McDonough will replace Erik Helding, who was based in Carmel.
While publicly backing his company’s 2015 merger with rival health insurer Anthem, Cigna’s CEO privately expressed regret about signing on to a deal that left him with a reduced role, lawyers for Anthem said in court Monday.
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
The Carmel-based company, which focuses on the transportation industry, also cut its dividend from 28 cents per share to 10 cents per share.
Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., Anthem’s general counsel told a judge Monday.
The Carmel-based insurance holding company said last week that a previously reported third-quarter transaction hurt its full-year financial results.
Shares of the nation's second-largest health insurer soared after Anthem said it expected adjusted earnings in the new year to be better than $19 per share.
Increasingly, top researchers are questioning whether drugs such as Lantus from Sanofi, Levemir and Novolog from Novo Nordisk A/S, and Humalog from Eli Lilly and Co. are really needed for many patients.
While many analysts expect the ruling to be reversed by higher courts, the news adds to volatility in a sector that had barely recovered from political static this year.
DMC Insurance, founded by three former executives from local insurer Baldwin & Lyons, has acquired a prominent office building along Interstate 69 in Fishers and plans to ramp up employment.
Carmel-based insurance holding company CNO Financial Group Inc. on Wednesday reported a big third-quarter loss despite sales growth in all three of its business units.
Indianapolis-based Anthem Inc. added more Medicare customers and continued to clamp down its biggest expense, benefit payouts, in the third quarter.