Indy man gets 2 years for extorting insurance firm
Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.
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WellPoint stock surging on positive analyst forecasts
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based
WellPoint to benefit in 2010.
Health care software firm RealMed regains momentum
RealMed enjoys a nearly 99-percent renewal rate among its current customers and attracted 4,000 new doctors
in 2009. Employment at the company is rising after a steady decline.
Senate bill could hurt insurers in short term
The bill imposes hefty new taxes and coverage rules that will pinch insurers such as WellPoint Inc. by forcing them to cover
more sick people without gaining enough healthy, lower-cost customers, industry insiders say.
Senate OKs health care measure, but work remains
The Senate has passed President Barack Obama’s landmark health care overhaul in a climactic Christmas Eve vote, extending
medical insurance to 30 million Americans. But the Senate’s bill still must be merged with legislation passed by the House,
and there are significant differences.
Insurance company rejects Steak n Shake takeover bid
A small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a “hostile takeover
attempt.”
Conseco raises nearly $223 million in stock offering
The Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
UPDATE: Steak n Shake turning away from core business
The Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a
deal valued at almost $37 million.
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.
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.