What did Conseco announce?
On December 17, 2002, Conseco, Inc. (Conseco), along with several subsidiaries, including CIHC, Inc. and Conseco Finance Corp., filed for permission to reorganize under Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Chicago. Q: Who is Conseco, Inc.? A: Conseco, Inc. is a publicly traded holding company headquartered in Carmel, Indiana. Conseco, Inc. is not an insurance company. Conseco is engaged in insurance and consumer finance operations through a number of subsidiary companies. As a holding company, Conseco, Inc. is a separate legal entity that is distinct and apart from its subsidiary insurance companies. Conseco, Inc., owns thirteen subsidiary insurance companies that write life insurance, health insurance and annuities. These insurers are domiciled in Texas, Illinois, Pennsylvania, Indiana, Arizona and New York. A Texas insurance company, Conseco Life Insurance Company of Texas, is the parent of all of the other insurance subsidiaries, except for Bankers Nation
