Ed Bonach became active in the community partly to send a message to the company’s beaten-down workforce that “you don’t have to hang your head about being part of this company. We are doing a lot of good things, and we will be doing more of them.”
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.
Naming rights deal for 42-year-old IU basketball venue could score the school $2 million a year, sports marketers said. IU Athletics Director Fred Glass says re-naming the facility is not out of the question.
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
A Carmel-based health insurer once owned by Conseco Inc. is being sued for refusing to pay claims for in-home care submitted by California senior citizens.
It will be difficult to rebrand the arena where the Indiana Pacers play, but team officials praised sponsor CNO Financial for sticking with the $20 million naming-rights deal despite tough times.
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he’s ready to step down now that the insurer is in good shape.
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
R. Glenn Hilliard, 68, who has held the chairman's title since September 2003, said he will not seek re-election.
A federal judge in Los Angeles ruled Wednesday that Carmel-based Conseco Life Insurance Co. may not follow through with a plan to raise policy rates for more than 50,000 mostly elderly policyholders.
The suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer Jim Adams of engaging in a “massive and systematic coverup of … actual debts and losses through complex accounting, misleading disclosures, and irregular accounting practices.”
CNO Financial Group appears to have backed away from plans to change the name of the Indiana Pacers home it sponsors, Conseco Fieldhouse, even though the company no longer uses the Conseco name.
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
Excluding investment and special charges, the Carmel-based life and health insurer on Tuesday reported a profit $47.1 million, down 13 percent from the same quarter a year ago, but still beat analysts’ expectations.
The last man to settle with with the Carmel insurer over unpaid debt now is now being sued for not paying his legal bill.
Sealed-bid auction attracts a half-dozen bids from interested owners that are “more centrally located than you might think,”
said the listing agent.
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share.
Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
Hamilton County Judge Steve Nation ruled Friday that the heirs of former Conseco Inc. executive Lawrence Inlow failed to justify
their attempt to remove Cincinnati-based Fifth Third Bank as the fiduciary of his estate.
A bitter battle between the heirs of former Conseco Inc. executive Lawrence Inlow and the bank and attorneys overseeing his
estate will get a hearing Friday in Hamilton County Court
