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In 2019, four insurance companies owned by now-convicted fraudster Greg Lindberg — Southland National Insurance Corp., Colorado Bankers Life Insurance Co., Bankers Life Insurance Co. and ...
One Global Bankers subsidiary filed for bankruptcy. [16] In May 2022 a federal judge ordered Lindberg to repay $524 million to a Puerto Rican insurance company whose assets were invested with another insurer which had failed. [17] Later that month, in the civil case Southland v.
CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is an American financial services holding company based in Carmel, Indiana. [4] Its insurance subsidiaries provide life insurance , annuity and supplemental health insurance products to more than four million customers in the United States .
The Bankers Life and Casualty Company was established in 1932 as a mutual life insurance company in Chicago, Illinois. [6] In contrast to most other life insurance companies, whose costs included salaries for accountants, sales agents, officers, and actuaries, Bankers Life minimized its overhead as a means of undercutting the monthly insurance premiums of its competitors.
John D. MacArthur, former president, chairman of the board, and chief executive officer of Bankers Life [20] Michael McCallister , chief executive officer of Humana from 2000 to 2012 [ 21 ] William W. McGuire , chief executive officer of UnitedHealth until he stepped down along with director William G. Spears following a U.S. Securities and ...
Boeing’s very bad year ended tragically on Sunday, as a 737 flown by Korean discount carrier Jeju Air crashed, killing 179 passengers and crew on board.. It’s not yet clear what caused the jet ...
A Colorado man is wanted for allegedly attempting to hold up a bank in a robbery that quickly went off the rails when the teller couldn’t read the note he handed over. The accused would be-thief ...
Headquarters of AIG, an insurance company rescued by the United States government during the subprime mortgage crisis "Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported ...