Wikipedia:Articles for deletion/Health Insurance Innovations


 * The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review).  No further edits should be made to this page.

The result was keep. Cunard's thorough analysis of sources has not been rebuffed by the earlier !voters. Ritchie333 (talk) (cont)  15:14, 10 September 2018 (UTC)

Health Insurance Innovations

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Promotional article, all references are mere notices, listings, or PR sites  DGG ( talk ) 15:42, 1 September 2018 (UTC)
 * Note: This discussion has been included in the list of Companies-related deletion discussions.  CAPTAIN RAJU (T) 16:17, 1 September 2018 (UTC)
 * Note: This discussion has been included in the list of Florida-related deletion discussions.  CAPTAIN RAJU (T) 16:17, 1 September 2018 (UTC)


 * Delete The article fails WP:NCORP and is nothing more then a promotional piece for the company. Being listed on a stock exchange doesn't automatically make a company notable. Newshunter12 (talk) 12:05, 8 September 2018 (UTC)
 * Delete per nom. --MarioGom (talk)`

Keep per the significant coverage in multiple independent reliable sources. From Notability (organizations and companies) (my bolding): "There has been considerable discussion over time whether publicly traded corporations, or at least publicly traded corporations listed on major stock exchanges such as the NYSE and other comparable international stock exchanges, are inherently notable. Consensus has been that notability is not automatic in this (or any other) case. However, sufficient independent sources almost always exist for such companies, so that notability can be established using the primary criterion discussed above. Examples of such sources include independent press coverage and analyst reports. Accordingly, article authors should make sure to seek out such coverage and add references to such articles to properly establish notability." Analyst reports  This 3 April 2013 articleInternet Archive from Investor's Business Daily notes that Health Insurance Innovations "specializes in 12-month Short-Term Medical plans, or STMs." It notes: "As demand for STMs rises, Health Insurance Innovations should see opportunities to grow its business, analysts say. ... 'However, it does offer healthy individuals a way to protect against major claims at a fraction of the cost of other insurance alternatives,' [Carl McDonald, an analyst at Citigroup] noted in a recent report initiating coverage on Health Insurance Innovations. ...  'The company has a timely opportunity to strengthen and build its network of distributors, while navigating the looming changes from health insurance expansion in 2014,' Credit Suisse analyst Glen Santangelo noted in a recent report on the stock.  ...  Analyst Santangelo cites its 'highly scalable' proprietary technology, a competitive edge in pricing and distributor economics, and a low market share of the individual insurance market that allows plenty of room to grow.  The company also has 'a large cross-selling opportunity with core customers and ancillary products, and a significant runway to add distributors,' Santangelo said." This 11 September 2017 articlearchive.is from StreetInsider.com notes: "Cantor Fitzgerald analyst Steven Halper again defended Health Insurance Innovations (NASDAQ: HIIQ) after a negative article was posted at moxreports.com. ... He added, 'We believe the weakness in HIIQ shares today is mostly unfounded. Moxreports published a negative article on HIIQ today. The article attempts to extrapolate from past settlements, what the company's liability would be .'from a 'tidal wave of fraud investigations, lawsuits and cease and desist orders.' Much of the concern relates to an ongoing 42-state investigation into operating practices, which was previously disclosed. The other issue relates to the company's license as a third-party administrator (TPA) in Florida. The company's application was denied on June 1. In its public filings, the company has indicated that 'a final hearing on the matters has been scheduled for October 17-20, 2017, but the company is working with the Florida Office of Insurance Regulation (OIR) to reach a mutually agreeable resolution of the matter prior to the hearing, including discussing whether the OIR will require the Company to hold such a license at all.' We agree that the letter from the OIR does not read well and highlights several shortcomings by the company during the licensing process. Finally, the article indicates that insiders have been selling stock despite these issues. We note that the company's CFO, Michael Hershberger has a pre-arranged 10b5-1 plan in place to sell shares which mostly removes any discretion from the timing of sales. We have spoken to the company and management intends to host an investor/analyst call later today.'" This 1 March 2018 articlearchive.is from StreetInsider.com notes: "Cantor Fitzgerald raised its price target on Health Insurance Innovations (NASDAQ: HIIQ) to $60.00 (from $38.00) while maintaining a Overweight rating. Analyst Steven Halper comments 'We expect HIIQ to continue to benefit from solid demand for its alternative individual health insurance products. We believe the recent HHS rule proposal, which aims to lengthen the maximum period of short-term policies, is positive as well.'" <li>This 12 February 2018 articlearchive.is from StreetInsider.com notes: "B.Riley/FBR initiates coverage on Health Insurance Innovations (NASDAQ: HIIQ) with a Buy rating and a price target of $38.00. Analyst Randy Binner commented, 'We are initiating coverage of Health Insurance Innovations, Inc. (HIIQ) with a Buy rating and a 12-month price target of $38 per share. The target is based on a peer multiple of 16x on 2019E EPS of $2.35. This target equates to an 8.7x EV/EBITDA multiple on 2019E, compared to peers at 9.4x. We believe the stock is set up to deliver on several positive regulatory and financial catalysts. Because of the regulatory overhang, valuation is very attractive on a risk/reward basis, in our opinion, with a 4:1 upside/downside outlook.'"</li> <li>This 12 September 2017 articlearchive.is from StreetInsider.com notes: "Canaccord Genuity analyst Richard Close reiterated a Buy rating and $39 price target on Health Insurance Innovations (NASDAQ: HIIQ). Close said the company should win back confidence as regulatory issues resolve, although it will take time. The analyst says closing these items of concern ought to win back investor confidence." This 12 September 2017 articlearchive.is from TheFly about the same analyst report notes: "Canaccord analyst Richard Close believes Health Insurance Innovations' outstanding regulatory issues will be resolved without a meaningful impact on the business, but said it could take time and remain an overhang until this is settled. Close maintains a Buy rating and said the next likely catalysts for shares would be a resolution to the Florida third-party administrator license application situation." <li>This 10 October 2017 articlearchive.is from TheFly notes: "Canaccord analyst Richard Close noted the Wall Street Journal reported President Trump intends to sign an executive order to roll back certain insurance regulations, which could have a direct benefit to Health Insurance Innovations' business. The order would seek to reverse the Obama-era rule on short-term medical insurance, which limited the duration to no longer than three months, and revert it back to the previous duration of one-year. Close reiterated his Buy rating and $39 price target on Health Innovations shares."</li> <li>This 15 February 2018 articlearchive.is from TheFly notes: "Canaccord analyst Richard Close noted Health Insurance Innovations received a third-party administrator license in Florida, which he said removes a key risk to its story. The analyst said it removes the question as to whether the company can continue to operate in Florida and views it as a significant positive with respect to investors' sentiment. Close expects the shares to react positively and he reiterated his Buy rating and $39 price target on Health Insurance Innovations shares, which are up about 7.5% to $29.10 in pre-market trading."</li> <li>This 1 March 2018 articlearchive.is from TheFly notes: "Lake Street analyst Mark Argento raised his price target for Health Insurance Innovations to $50 citing the company's 'strong' Q4 and fiscal 2018 guidance. The analyst recommends being an 'aggressive buyer' of the stock due to Health Insurance's 'strong fundamentals, attractive relative valuation, and a positive regulatory environment.' He reiterates a Buy rating on the shares."</li> <li>This 3 August 2018 articlearchive.is from TheFly notes: "Raymond James analyst C. Gregory Peters reiterated his Outperform rating on Health Insurance Innovations and raised his price target on shares to $55 from $38, saying he is encouraged by management's views that an agreement with regulators related to the multistate examination may potentially be reached in Q3. The analyst added that he believes the company is positioned to handle a potential fine, given its substantial cash position."</li> </ol>

https://www.marketbeat.com/stocks/NASDAQ/HIIQ/price-target/WebCite contains a list of analyst reports available under a paywall:

Other sources <ol> <li> The article notes: "Investors appeared hesitant to bet on big gains for low-cost insurance provider Health Insurance Innovations Inc. HIIQ 5.67% Its shares slid in their public trading debut. ... The Tampa, Fla., company sells short-term health insurance plans online using health questionnaires that allow it to make immediate acceptance and rejection decisions. ...  Health Insurance Innovations' focus is fixed-term, 12- or six-month medical-insurance plans, lower-cost alternatives to traditional insurance plans, which are renewable. Its products are underwritten by insurance carriers including Cigna Corp., among others, according to filings with the Securities and Exchange Commission.  The company's customer base is the uninsured—about 50 million people in the U.S. in 2010, according to the census bureau—as well as those that require stopgap insurance options, such as new graduates or the recently divorced."</li> <li> The article notes: "One of those specialists, Health Insurance Innovations (HIIQ), is an online insurance company that connects insurance carriers, brokers, agents and consumers to its portfolio of health-insurance-related products. ... Although Health Insurance Innovations was founded only five years ago, its management team, including Chief Executive Mike Kosloske, has decades of experience in the business. The company had about 58,000 total policies in force at the end of 2012, including those that did not involve STM enrollment. That figure was up from 30,000 the prior year. In a fourth-quarter earnings report, management said its distribution network at the end of the year included 46 licensed agent call centers, 262 wholesalers and more than 8,275 licensed brokers."</li> <li> The article notes: "Shares in an 8-year-old Tampa insurance company that administers short-term medical plans dropped to an all-time low Monday following last week's proposed change in federal rules governing its business, as well as an analyst's downgrade. Health Insurance Innovations, which went public in 2013 and now employs nearly 200, saw its shares top $15 early that year. ... The company's latest trouble began last week when the Obama administration said it wants to limit short-term health policies that allowed healthier consumers to purchase 365-day plans as a cheaper substitute for plans offered by the Affordable Care Act, or ACA. A proposed rule setting a three-month limit that would go into effect in 2017 was issued Wednesday by the U.S. Department of Health and Human Services. A day later, Raymond James analyst Steven Schwartz downgraded the stock of Health Insurance Innovations to market perform from strong buy, prompting an additional 20 percent drop in shares. 'We expect significant industry pushback and believe that an industry legal response will be likely if the proposal is adopted in its current form,' Schwartz said."</li> <li> The article notes: "Lori Wing-Heier, the director of the Alaska Insurance Division, received complaints from consumers in 2015 about telephone solicitations by a Florida company offering short-term plans. At the time, she said, the company, Health Insurance Innovations, and agents selling its products were not licensed in Alaska. Insurance executives tried to reassure regulators. Gavin Southwell, the chief executive and president of Health Insurance Innovations since 2016, told commissioners on Sunday that “we have invested tens of millions of dollars to ensure that consumers” receive good service and accurate information. The company said last year that it had retained former Senator Ben Nelson of Nebraska, a former chief executive of the National Association of Insurance Commissioners, to provide advice on compliance."</li> <li> The article notes: "Michael Kosloske, the founder of Health Insurance Innovations Inc., no longer works for the company, according to a regulatory filing. ... Kosloske founded Health Insurance Innovations (NASADQ: HIIQ) in 2008, and was chairman, president and CEO until 2015, when he gave up the president and CEO roles. He stepped down as chairman in November 2017, but remained chief of product innovation at the Tampa company, which develops, distributes and administers cloud-based individual health and family insurance plans and supplemental products in the United States. It is one of the smaller public companies headquartered in the Tampa Bay area, but has a high-profile stock and was the area's best-performing stock in 2016. Its stock price increased as its products were seen as an attractive alternative to Affordable Care Act health plans."</li> <li> The article notes: "Health Insurance Innovations (NASDAQ: HIIQ) stock closed Dec. 23 at $17.50 a share, up $10.83 from the opening price of $6.67 a share on Jan. 4. The 162.4 percent gain made Health Insurance Innovations the best-performing stock of 2016 among Tampa Bay public companies. ... HII, headquartered in Tampa, develops, distributes and administers cloud-based individual health and family insurance plans and supplemental products in the United States. It takes no insurance risk and pays no claims, an investor presentation said. (See the presentation embedded below.) Instead, the company works with insurance carriers to design and structure the products and markets them through an internal and external distribution network. The stock started to pick up steam after a late October announcement by the Department of Health and Human Services that limited short-term health plans to less than three months, effective Jan. 1. HII’s short-term medical plans cover individuals for up to 12 months."</li> </ol>There is sufficient coverage in reliable sources to allow Health Insurance Innovations to pass Notability, which requires "significant coverage in reliable sources that are independent of the subject". Cunard (talk) 22:33, 8 September 2018 (UTC) </ul>
 * The analyst reports from Cantor Fitzgerald, B. Riley (FBR Capital Markets), Canaccord Genuity, Lake Street Capital, Craig Hallum, Raymond James Financial, UBS, Northland Securities, and First Analysis are sufficient to establish notability per Notability (organizations and companies). Cunard (talk) 22:33, 8 September 2018 (UTC)


 * I reviewed the article and do not consider it to be particularly promotional. Cunard (talk) 22:33, 8 September 2018 (UTC)


 * I noticed that the article includes none of the sources above that offer any criticism oft he company, and carefully avoid using the phrase "short-term" insurance. That's why I listed it here, as it seems entirely the product of PR, and not very subtle PR at that.. It would require a complete rewrite in order to be nPOV. That's even reason for deletion by Speedy G11. In Cunard thinks it isfixable, this is best shown by fixing it.


 * and the statement above about publiclly traded corporations has been shown to be inaccurate by the tens of thousands of deletions here.  DGG ( talk ) 05:12, 10 September 2018 (UTC)


 * Keep – Coverage in Bloomberg and Reuters among others. Article surely needs work done on it, but the subject appears to pass WP:GNG. <b style="color:#3399FF">Redditaddict69</b> <sup style="color:#339900">(talk) <sup style="color:#7F007F">(contribs)  05:17, 10 September 2018 (UTC)


 * The above discussion is preserved as an archive of the debate. <b style="color:red">Please do not modify it.</b> Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.