Baldwin & Lyons reports lower quarterly, annual profit
The Indianapolis-based transportation industry insurer attributed the lower earnings to smaller investment gains. Excluding investments, quarterly profit increased due to fewer storm losses.
Insurance
Articles
WellPoint beats analysts’ estimates with 4th-quarter profit surge
The Indianapolis-based health insurer earned $464 million, or $1.51 per share, in the fourth quarter, a 38-percent leap from a year ago, and topped analysts’ forecasts by 8 cents per share.
Shepherd Insurance agency goes on buying spree
The Carmel insurance agency acquired three separate companies in a flurry of activity at the end of the year that will add 17 people to its staff.
Insurers may prove choosy with overhaul exchanges
The leader of the nation's largest health insurer warned Thursday not to assume widespread participation from his company in part of health care overhaul's coverage expansion that unfolds later this year.
Indiana Democrats pushing for more health care action
Democratic lawmakers pushed Wednesday for Indiana to take steps toward implementing the federal health care overhaul that Republicans who control state government have so far rejected.
Health insurance changes daunting for Indiana employers
A portion of the Patient Protection and Affordable Care Act requiring companies in 2014 to begin offering health insurance to more workers is causing a lot of anxiety.
New tool could drive down employers’ health care costs
Ten of Indiana’s largest employers—including the state of Indiana; Cummins Inc.; CNO Financial Group Inc.; Indiana, Purdue and Butler universities; and Indiana University Health—think they have hit upon a solution.
Amerigroup chief emerges as a frontrunner for WellPoint job
WellPoint Inc. is still considering former Amerigroup Corp. CEO James Carlson among several finalists to become CEO. Statements and filings this month have fueled speculation among analysts and shareholders that Carlson has vaulted ahead of other prospects.
Tobias Insurance agency merges with Florida firm
Tobias Insurance, the Indianapolis area’s eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners. Tobias will retain its name, employees and leadership.
WellPoint draws criticism for California rate increase
WellPoint Inc.’s plan to raise the rates for small employers in California was criticized as unreasonable by the state insurance commissioner, who said customers are being charged this year to cover U.S. health-law fees that won’t begin until 2014.
WellPoint says earnings could slightly exceed expectations
WellPoint Inc. said Tuesday that it expects 2012 earnings at the high end or slightly above a range that the health insurer reaffirmed last month.
CNO’s Bonach has insurance firm back on offense
CNO Financial Group’s stock price has nearly doubled since Ed Bonach took the helm in October 2011. Some analysts that follow the successor to Conseco Inc., which a decade ago was the nation’s third-largest Chapter 11 bankruptcy reorganization, now regard CNO as an attractive value play.
Stock buyback continues at CNO
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
Fort Wayne church insurer plans to add 102 jobs
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building a 54,395-square-foot facility at its headquarters.
WellPoint completes $4.5B Amerigroup acquisition
The deal gives the Indianapolis insurer a bigger slice of the growing market of patients covered by Medicaid, the federal-state health program for low-income people.
State expects to extend Healthy Indiana Plan a year
The Centers for Medicare and Medicaid Services agreed to a waiver that would allow the state to continue the program unchanged for a year.
Actuarial firm plans expansion at Indy office
Milliman Inc. said it will add 26 jobs by 2017 and invest $2 million to install additional information technology equipment at its office in downtown’s Chase Tower.
WellPoint reaffirms 2012 earnings forecast
WellPoint Inc. is sticking with a 2012 earnings forecast that it had cut in July, and the nation's second-largest health insurer said it expects next year's earnings to be on par with this year's performance.
Illinois company to hire 50 in Indy for Medicaid drug contract
Catamaran Corp. will add 50 jobs in Indianapolis over the next year to help it provide pharmacy-benefit-management services to the Indiana Medicaid program. The Illinois-based company will open an office downtown Tuesday to kick off its six-year, $60 million contract with the state.
Feds clear WellPoint’s $4.5B acquisition of Amerigroup
The government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.