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Conseco/CNO Financial
Conseco raises nearly $223 million in stock offering
December 22, 2009
IBJ StaffThe Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
MoreConseco shoots for $222M in stock offering
December 17, 2009
IBJ Staff and Associated PressThe 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.
MoreConseco offering new shares at $4.73 apiece
December 14, 2009
J.K. WallCarmel-based insurer hopes to raise $234 million through public offering.
MoreConseco wins dismissal of GM Building lawsuit
December 10, 2009
IBJ StaffA 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.
MoreConseco shares fall on weak profit forecast
December 8, 2009
J.K. WallCarmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.
MoreAsking price for Hilbert estate drops below $10M
December 7, 2009
Andrea Muirragui DavisAfter 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.
MoreReinsurance deal helps Conseco raise cash
November 20, 2009
J.K. WallCarmel-based Conseco's second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
MoreConseco plans new stock offering
November 19, 2009
IBJ StaffConseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.
MoreInlow estate decision reversed by high court
November 18, 2009
Jennifer Nelson / The Indiana LawyerThe Indiana Supreme Court on Wednesday delivered some good news to the widow of former Conseco Inc. Chief Counsel Lawrence
Inlow, reversing a lower court’s order that she pay his estate $284,034 for funeral expenses.
MoreConseco reports $15.4 million profit in third quarter
November 4, 2009
J.K. WallThe Carmel-based life insurer's third-quarter results exceeded Wall Street analysts' predictions.
MoreConseco shares soar on hedge-fund investment
October 14, 2009
J.K. WallShares of Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based
Paulson & Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.
MoreConseco to sell shares, bonds to shore up finances
October 13, 2009
J.K. WallHedge fund will control nearly 10 percent of Carmel-based insurer.
MoreAustralian owner abandons efforts to sell Chase Tower
September 19, 2009
Greg AndrewsMacquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston
and a property in Denver that failed to draw juicy enough offers.
MoreConseco consolidation to save $2.5M a year
August 31, 2009
IBJ StaffConseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
MoreUnion sues Conseco over restatement
August 10, 2009
J.K. WallCarmel-based Conseco Inc. faces a shareholder lawsuit by a union pension fund over an earnings restatement the company made
18 months ago.
MoreConseco profit at high end of estimates
August 4, 2009
J.K. WallConseco Inc. recorded profit at the high-end of its preliminary
estimates, the company announced today.
MoreConseco shares jump after profit report
July 29, 2009
J.K. WallShares of Conseco Inc. soared today in response to the company’s preliminary report of second-quarter profits. The Carmel-based
insurer’s stock price jumped as much as 53 percent, to $2.91, before settling a bit in the afternoon.
MoreConseco says profit in line with estimates
July 28, 2009
J.K. WallConseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents
per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after
the market closed.
MoreConseco reinsurance deal swaps profits for cash
July 13, 2009
IBJ StaffCarmel-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.
MoreActivist shareholder makes case against Conseco's board
May 11, 2009
J.K. WallAn 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.
MoreConseco's Prieur, others suffering steep losses on purchase of shares
April 13, 2009
J.K. WallConseco CEO Jim Prieur keeps putting his money where his mouth is, purchasing more than a half-million
shares of his company's stock over two years.
MoreInvestment losses leave Conseco searching for $400M in horrible environment to raise capital
March 16, 2009
J.K. WallWithout fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
MoreJudge upholds sanctions in Conseco loan case
February 16, 2009
U.S. District Court Judge Larry J. McKinney upheld sanctions against Dennis E. Murray Sr. in his legal battle with Carmel-based
insurer Conseco Inc.
MoreConseco's investment loss of $96 million 'pretty good' by comparison
December 22, 2008
J.K. WallEric Johnson, Conseco Inc.'s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises
of the investing world over the last 18 months.
MoreBold bets on Hoosier firms yield horrific results so far
December 8, 2008
Greg AndrewsThe millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value,
leaving them way, way below break-even.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.