CNO profit jumps 17 percent
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
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WellPoint sees small-biz plans slip ahead of Obamacare
WellPoint Inc., the second-biggest U.S. health insurer, said more small employers are scaling back benefits this year, a potential hedge against higher costs expected under the U.S. health-care law.
WellPoint expects Obamacare to boost revenue to $90B by 2016
Health care reform, long perceived as a huge threat to WellPoint Inc., is now being embraced by the insurer as a huge growth opportunity.
WellPoint raises forecast after profit surges
Business continued to improve at WellPoint Inc. in the second quarter, helping the health insurer beat Wall Street’s expectations and raise its profit forecast for the year.
Buffett joins opening ceremony for Geico center
Billionaire investor Warren Buffett took part in the ribbon-cutting ceremony at the center in Carmel. Geico announced plans for the service center in March, saying it could have up to 1,200 workers in the next few years.
WellPoint rolls out program with cost ceilings for procedures
Under so-called reference-based benefits, insured patients would have to pay the difference between procedure prices and maximums set by their employers. Several Indiana companies are considering using the tactic.
WellPoint will pay $1.7M in online privacy inquiry
The agency said that between Oct. 23, 2009 and March 7, 2010, security weaknesses in a WellPoint online application database left the information of 612,402 people accessible to unauthorized users.
CNO repurchases $50M in shares in second quarter
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
WellPoint cap program saves Calpers big money
The nation’s largest pension fund worked with the Indianapolis-based health insurer to cut medical costs 19 percent by capping the price of some surgeries, in the latest sign payers are taking a tougher line against rising hospital claims.
WellPoint settles Los Angeles lawsuit for $6M
The city had alleged that WellPoint’s Anthem Blue Cross of California unit illegally dropped more than 6,000 policyholders from coverage.
Electronic proof of auto insurance coming to Indiana
Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws.
WellPoint adds power executive Hay to board
Health insurer WellPoint Inc. has named Lewis Hay III to its board of directors after announcing earlier this month that three members had resigned for personal reasons.
WellPoint among 13 picked to join California exchange
California residents who choose to buy health insurance through the state exchange being created by the Affordable Care Act may end up paying higher premiums.
Indianapolis couple charged with mail fraud
George Bowman, 43, and Traci L. Bowman, 42, are accused of falsifying purchase records and fraudulently filing insurance claims for expensive construction equipment they never purchased.
Surprise director departures boost WellPoint shares
Outside observers cast the departures of Lenox Baker, Sheila Burke and Susan Bayh as a positive that will allow new CEO Joseph Swedish to recast the board.
Three WellPoint directors step down, cite personal reasons
Lenox Baker, Sheila Burke and Susan Bayh resigned from the board effective immediately, Indianapolis-based WellPoint said Monday in a regulatory filing.
Study rebuts hospitals’ argument on Medicare, rising costs
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across the country have been raising prices just because they can, according to a new study.
Ruling keeps church ensnared in life insurance nightmare
A federal bankruptcy judge has slapped down an Anderson church that attempted to blame its bank for a failed scheme to finance church upgrades by buying life insurance policies on its elderly members.
Governor taps ex-WellPoint CEO Braly for IEDC board
The appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the Indianapolis-based health insurer in August.
Indiana firms lose ground on Fortune 500 list
Five of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year’s list of the largest U.S. companies.