Protective Insurance seeks to regain footing in tough environment
Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
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Wedding-venue chain founder must fork over cash amid fraud claim
An entrepreneur accused of running a Ponzi scheme to expand a network of luxury event venues was ordered to surrender a chunk of proceeds from the sale of his $2.4 million home while retirees who invested millions of dollars in a proposed facility in Carmel pursue legal claims.
Company that proposed Carmel event center accused of fraud in federal suit
A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
Carmel-based Rook Security acquired by English firm
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
Area leaders balk at Indy Mayor Joe Hogsett’s regional infrastructure plan
Several area mayors say they’ve been meeting to discuss regional cooperation—talks that Hogsett has been a part of—but had not signed off on any plan like the one the Indianapolis Democrat proposed. The Hogsett plan would create winners and losers among counties.
Napleton plans Kia dealership for Carmel
The dealership would be built across 96th Street from the now-defunct HHGregg store, where Napleton had previously filed plans with Indianapolis to open a dealership.
Questions loom over proposed Carmel rehabilitation hospital
Two out-of-state companies that want to build a 60-bed hospital in Carmel have a history of mass layoffs, at least one high-profile bankruptcy, and accusations of kickbacks and billing irregularities.
Carmel to take legal action against Lucas Estate in party controversy
Forrest and Charlotte Lucas have continued to host not-for-profit events and what they say are private weddings at their West 116th Street property, despite being turned down for a zoning variance by the Carmel Board of Zoning Appeals in 2017.
Carmel Mayor Brainard fends off challenge while a longtime Carmel councilor loses
Mayor Jim Brainard received 56% of the GOP primary vote, while his challenger Fred Glynn garnered 44%. The race had turned ugly in recent weeks.
UPDATES: Brainard, Fadness, Jensen win in Hamilton County; Hogsett, Merritt win in Indy
Incumbent Joe Hogsett and Republican Jim Merritt are expected to easily win their primaries in the Indianapolis mayor’s race. In Hamilton County, the races could be more interesting.
Early voting up in Marion County, but even more so in Hamilton County
In Hamilton County, the increase is likely tied in part to some interesting GOP primary battles. In Marion County, voters could choose to vote early at any of three different polling sites for the first time in a decade. Polls are open Tuesday from 6 a.m. to 6 p.m.
Area mayoral races top ballots in Tuesday’s primary election
Incumbent Indy Mayor Joe Hogsett and GOP challenger Jim Merritt are expected to win their parties’ nominations easily. Meanwhile in Fishers and Carmel, incumbents are fending off primary challenges.
Carmel receives eight development proposals for PNC Bank site
Henry Mestetsky, director of the Carmel Redevelopment Commission, told IBJ on Tuesday that the overwhelming response to the RFP was rare.
CNO Financial acquires Florida benefits company for $66 million
The Orlando-based benefits provider, Web Benefits Design, will continue to operate under its existing name.
Fired employee to return to job in Carmel clerk-treasurer’s office
Carmel City Council President Jeff Worrell told IBJ that Ann Bingman, former director of internal controls, will return to her role in the clerk-treasurer’s office, but won’t report directly to Christine Pauley, who fired Bingman April 17.
Official hurls more accusations at Brainard as outsiders back his claim they were dating
Carmel Clerk-Treasurer Christine Pauley escalated her harassment complaints about Mayor Jim Brainard on Thursday, but several people came forward Friday to say Pauley wasn’t being upfront about their relationship.
Carmel council investigates termination of ‘key’ clerk-treasurer’s office employee
Clerk-Treasurer Christine Pauley and recently fired Director of Internal Controls Ann Bingman on Tuesday night gave councilors conflicting information about the status of the city’s annual audit.
Carmel official says Brainard created ‘toxic environment’; mayor calls relationship consensual
Clerk-Treasurer Christine Pauley said Mayor Jim Brainard created a difficult work environment by pushing her to go on trips with him. But the mayor said in a statement that the two briefly dated and the timing of the accusations—just two weeks before the primary—is “interesting.”
Carmel mayoral debate focuses on city’s debt, spending
A Carmel mayoral debate Tuesday night mostly focused on the city’s debt load and the administration’s spending, with Mayor Jim Brainard at one point handing his opponent a $10 bill in an attempt to prove a point.
Timetable for City Center projects stretches past projections
Debt payments will be due before all the buildings are completed. But Carmel officials say the delays shouldn’t cost taxpayers because of safeguards the city and the developer put in in place years ago.