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Conseco bought Colonial Penn from Leucadia in 1997, [5] and in 1998 renamed it Conseco Direct Life to reflect Conseco ownership. [6] In 2001, Conseco reverted to the Colonial Penn name, which remains a subsidiary of the renamed CNO Financial Group with Bankers Life and the Washington National Insurance Company .
CNO Financial Group is the parent company of seven insurance companies, including Bankers Life and Casualty Company and Colonial Penn Life Insurance Company. [5] They also own 40/86 Advisors, an investment management company and Washington National Insurance Company.
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.
Robert Morris Jr. (January 20, 1734 – May 8, 1806) was an English-born American merchant, investor [2] and politician who was one of the Founding Fathers of the United States. He served as a member of the Pennsylvania legislature, the Second Continental Congress, and the United States Senate, and he was a signer of the Declaration of ...
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
The city of Philadelphia was founded and incorporated in 1682 by William Penn in the English Crown Province of Pennsylvania between the Delaware and Schuylkill rivers. Before then, the area was inhabited by the Lenape people. Philadelphia quickly grew into an important colonial city and during the American Revolution was the site of the First ...
Letters from a Farmer in Pennsylvaniahad a large impact on thinking in the colonies.[1] Between 2 December 1767 and 27 January 1768, the letters began to be published in 19 of the 23 English-language newspapers in the colonies, with the last of the letters appearing in February through April 1768. [4][14]The letters were subsequently published ...
In 1991, the company acquired insurer Colonial Penn from Florida Power & Light for $150 million. [8] In 1997, the company sold the life insurance division of Colonial Penn to Conseco for $460 million [9] and sold the auto insurance division of Colonial Penn to GE Capital for $950 million. [10]
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