Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
The Indianapolis Colts have become one of the first National Football League teams to sell a corporate sponsorship patch
on players’ practice jersey.
Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.
Local businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.
Cummins Inc. is battling its insurers in court, saying they’re refusing to pay
most of the company’s $381 million in claims stemming from the flood that immersed its southern Indiana
facilities a year ago.
Businesses all want to see reform of the health care system, but they diverge on how much the U.S. government’s entrance into
the insurance market would help or hurt them.
Two-thirds of college-age Americans say health insurance is as important as salary when looking at jobs. Yet just as many have made no plans to obtain health insurance once they graduate from school this month.
Clarian Health and the Indiana University School of Medicine want to turn 1,500 or more doctors into employees under a new nonprofit group called the Indiana Clinic.
An activist shareholder vying to become a director of Conseco Inc. says the insurance company’s board "completely misjudged"
the risks it faced when it emerged from bankruptcy in 2003 and hasn’t recovered since. Now an independent shareholder advisory firm is siding with him.
The insurance industry and [Indiana] Chamber of Commerce are providing misleading and untruthful statements to employers and
their insured members about assignment of benefits.
Two partners at the Bingham McHale LLP law firm are taking five lawyers with them to form a firm that will concentrate on insurance defense work.
Physicians and insurance companies have entered their fourth year of haggling over insurance payments, and each side is claiming
to best represent patients.
Anthem Blue Cross and Blue Shield’s growing market dominance in Indiana is sparking a backlash from doctors who plan to push
a bill this year in the Indiana General Assembly that would allow physicians to reject patients covered by massive health
insurer.
It was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer’s stock lost
more than 55 percent of its value during the year.
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.
Indianapolis-based Golden Rule Insurance Co. has launched a plan aimed at people who move in and out of jobs that don’t offer
health insurance.
Employers, now doubly pinched by steadily rising health insurance premiums and a steadily deteriorating economy, are searching
for new and larger cost-shifting tools, according to survey and anecdotal evidence from Mercer, a global benefits brokerage
and consulting firm.
The health insurance industry — hurt by falling profits and threatened by Democratic reform bills — could see
another wave of
consolidation, and that may well involve Indianapolis-based WellPoint Inc.
Because major employers in Shelby County have laid off workers, Major Hospital isn’t getting as much income from employer-based
medical insurance plans.
OneAmerica Financial Partners Inc. has made no secret of its desire to acquire other companies. Well, if it wants to buy,
it could hardly find a better time.
