Conseco shoots for $222M in stock offering
The company plans to use at least $150 million to repay debt under its senior credit agreement. The remaining proceeds will
be used for general corporate purposes.
Insurance
Articles
Conseco offering new shares at $4.73 apiece
Carmel-based insurer hopes to raise $234 million through public offering.
Conseco wins dismissal of GM Building lawsuit
A U.S. District judge threw out the lawsuit against Conseco, saying the company’s emergence from bankruptcy in September
2003 wiped out prior legal claims.
Conseco shares fall on weak profit forecast
Carmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.
Shepherd Insurance buys rival DeTrude & Co.
The acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage since mid-2007.
Grain Dealers finalizes affiliation with Florida firm
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, has closed
on a deal to became part of The Main Street America Group, the Jacksonville, Fla.-based company said Tuesday morning.
Symons and family ordered to pay $34.2 million in fraudulent transfer case
A high-profile businessman and the Indianapolis companies he operated with family members have been ordered by a federal judge to pay $34.2 million relating to the fraudulent transfer of assets in a business sale.
Asking price for Hilbert estate drops below $10M
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
Reinsurance deal helps Conseco raise cash
Carmel-based Conseco’s second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
Conseco plans new stock offering
Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.
House health bill unacceptable to many in Senate
A government health insurance plan included in the House health care reform bill is unacceptable to a few Democratic moderates who hold the balance of power in the Senate.
WellPoint, Obama administration battle over cost of health reform to employers
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based
WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance
for employers.
Conseco reports $15.4 million profit in third quarter
The Carmel-based life insurer’s third-quarter results exceeded Wall Street analysts’ predictions.
Senate probing WellPoint, others over small-biz rates
The Senate health care committee is investigating how health insurers, including Indianapolis-based WellPoint Inc., price
the coverage they sell to small businesses.
Fewer schools offering $1 health coverage for administrators
Nearly 60 of Indiana’s 354 public school districts now require administrators to pay more than $1 for their health insurance.
That’s a big shift from a decade ago.
Quarterly profit, revenue soar at Baldwin & Lyons
Baldwin & Lyons Inc. on Thursday morning reported a record third-quarter profit, thanks to big investment gains and an increase
in premiums.
WellPoint shares flat after profits beat analyst predictions
WellPoint Inc.’s third-quarter profits soared above analysts’ expectations, but the insurer remains cautious in the face of
the flu and high unemployment.
Doctors balk at Senate attempt to cut waste
Some Indianapolis-area doctors fear a bill in the U.S. Senate would botch the way costs for tests and procedures are calculated, and ultimately
lead to a reimbursement system that works worse than the existing system.
WellPoint’s third-quarter profits beat expectations
WellPoint Inc.’s third-quarter profits fell 11 percent, the company reported this morning, but still soared above analysts’ expectations.
Experts: Feds’ antitrust move poses few risks to health insurers
Democratic lawmakers are seeking to stir up competition by stripping health insurers like Indianapolis-based WellPoint of
their protection from certain federal antitrust laws, although experts shrug off the effort as largely symbolic.