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Encyclopedia > Conseco

Conseco NYSE: CNO is a financial services organization based in Carmel, Indiana, which had its origin as Security Life of Indiana. It owns several insurance companies, but became best-known for its purchase of the former Greentree Financial, formerly one of the largest financers of mobile homes. The high rate of default associated with this form of housing loan has threatened the stability of the entire organization, and investors and creditors are pursuing litigation against Conseco in several legal venues. Conseco is also known for being one of the first large financial service organizations to "outsource" many of its lower-paying operations such as much of its customer-service work to India. Image File history File links Conseco_Logo. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is by far the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... A modern double-wide mobile home Mobile homes are housing units built in factories, rather than on site, and then taken to the place where they will be occupied, usually by being carried by tractor-trailers over public highways. ...


The company's troubles have caused it to be "de-listed" from the New York Stock Exchange, and it is being pursued in several legal venues in actions based on several areas of alleged irregularites including accounting violations and excessive executive compensation. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is by far the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Accountancy (British English) or accounting (American English) is the process of maintaining, auditing, and processing financial information for business purposes. ... Executive compensation is how top executives of business corporations are paid. ...


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Conseco, Inc. is an insurance holding company based in Carmel, Indiana. Conseco's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million U.S. customers. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail. Conseco (the parent company) was incorporated in 1979, began insurance operations in 1982, entered Chapter 11 reorganization in 2002 and emerged from reorganization nine months later, in 2003. Conseco's insurance companies operate separately and were not involved in the parent company reorganization. Conseco is a Fortune 500 company, with 2005 revenues of $4.3 billion. Conseco's common stock is traded on the New York Stock Exchange (ticker symbol: CNO).


  Results from FactBites:
 
Conseco Senior Health Insurance Company - Home Health Care Policies FAQs (3552 words)
Conseco Senior is required to submit to the OIR for approval a General Notice that will go to all insureds that received notice of the March 5, 2004, Public Hearing and/or to all insureds that had an in-force home health care policy as of February 22, 2004.
Conseco Senior admitted during the public hearing that there has been poor management in past years that did contribute to its troubles but current management was brought in to “clean up” these practices.
Conseco Senior will still have to demonstrate that the proposed rate increase is actuarially sound and that it has improved claim-handing processes, but the amount of increase will not be capped by the Florida Order.
Conseco - Wikipedia, the free encyclopedia (304 words)
Conseco NYSE: CNO is a financial services organization based in Carmel, Indiana, which had its origin as Security Life of Indiana.
Conseco (the parent company) was incorporated in 1979, began insurance operations in 1982, entered Chapter 11 reorganization in 2002 and emerged from reorganization nine months later, in 2003.
Conseco is a Fortune 500 company, with 2005 revenues of $4.3 billion.
  More results at FactBites »


 

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