Health insurers diversify away from regulations
One year after President Obama signed the health reform overhaul, health insurers are buying less-regulated companies in a bid to offset the lower profits and growth they expect the law to cause.
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WellPoint CEO received 3-percent raise last year
The Indianapolis-based insurer awarded Angela Braly a total pay package worth $13.4 million, up from $13.1 million in 2009 even as the company's profit and enrollment numbers slipped.
OneAmerica enjoys 24-percent surge in sales
The Indianapolis-based life insurer pulled in sales last year of $1.7 billion and boosted its overall assets 12 percent, to $24.4 billion.
CNO Financial Chairman Hilliard stepping down
R. Glenn Hilliard, 68, who has held the chairman's title since September 2003, said he will not seek re-election.
WellPoint board declares 25-cent dividend
WellPoint Inc. became the latest health insurer to reward shareholders with a quarterly payout after piling up cash from a string of strong financial performances.
UPDATE: CNO shares soar after quarterly profit rises
The Carmel-based life and health insurer, in an after-markets announcement, said it earned $168.2 million in the final three months of last year, a big jump from the $18.2 million profit it posted in the same quarter the prior year.
Baldwin & Lyons reports higher revenue, lower profit
Indianapolis-based insurer of car and truck fleets posts quarterly profit slightly lower than a year ago. Revenue, however, rose to $67.7 million, up from $60.8 million in 2009.
Judge’s ruling raises uncertainty for health care execs
After a federal judge in Florida struck down the entire health reform law, investors shrugged. But the uncertainty for executives in health care companies increased.
Execs from WellPoint, peers meet to hone health-law lobby
Top executives from WellPoint Inc. and UnitedHealth Group Inc. are meeting almost monthly with their counterparts from Aetna Inc., Cigna Corp. and Humana Inc. in an informal lobbying alliance aimed at blunting parts of the health-care law, say sources with knowledge of the sessions.
WellPoint profit better than analyst estimates
Excluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
IndyCar deal creates series-branded insurance plan
Open-wheel race series signs three-year sponsorship pact with Dallas-based Global Corporate Alliance.
New company taking over troubled Standard Life
State Insurance Commissioner Stephen Robertson said agreements have been reached for the $1.7 billion in policies and financial obligations of Carmel-based Standard Life Insurance Co. to be assumed by Guggenheim Life and Annuity Co.
WellPoint’s New York rate hike to face scrutiny
WellPoint Inc. and other U.S. health insurers will have to provide justification for any increases to customers’ premiums of more than 10 percent next year, according to federal regulations published Tuesday.
CNO Financial plans $300 million sale of debt
Carmel-based CNO Financial Group Inc., the insurer formerly known as Conseco Inc., plans to sell $300 million of seven-year senior-secured notes, according to a company statement.
Two more WellPoint executives set to depart
Chief Actuary Cynthia Miller and Chief Strategy Officer Bradley Fluegel—both of whom were prominent during the health reform debate—are leaving the health insurance giant.
Swing in governors could help WellPoint deal with reform
Rick Scott of Florida will get another chance next month to derail the law President Obama signed in March when he and 21 other Republican governors-elect are sworn in just as states begin implementing details of the legislation the candidates campaigned against.
CNO Financial looking to refinance bank loans
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
Health reform tripping up Indiana wellness incentive
Federal health reform will trump an Indiana law that allows health insurers to offer steep discounts to employers with healthy workers and which institute aggressive wellness programs, but experts say other provisions will motivate small firms.
Health insurance stocks rise after spending rules outlined
U.S. health insurers, including WellPoint Inc., can include the cost of federal taxes in determining whether they spend enough on patient care, the U.S. Health and Human Services Department said Tuesday.
Anthem, critics face off over rate-hike request
Anthem, a subsidiary of Indianapolis-based WellPoint Inc., is seeking a 19.9-percent raise for 48,000 individual policy holders in Connecticut, citing escalating health care costs.