Conseco
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Conseco_Logo.jpg
Conseco
Conseco Template:Nyse is a financial services organization based in Carmel, Indiana, which had its origin as Security Life of Indiana. It owns several insurance companies, but became best-known for its purchase of the former Greentree Financial, formerly one of the largest financers of mobile homes. The high rate of default associated with this form of housing loan has threatened the stability of the entire organization, and investors and creditors are pursuing litigation against Conseco in several legal venues. Conseco is also known for being one of the first large financial service organizations to "outsource" many of its lower-paying operations such as much of its customer-service work to India.
The company's troubles have cause it to be "de-listed" from the New York Stock Exchange, and it is being pursued in several legal venues in actions based on several areas of alleged irregularites including accounting violations and excessive executive compensation.
External link
Homepage (http://www.conseco.com/)