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CCP was then merged into Conseco, and Beneficial Standard Life Insurance and Great American Reserve Insurance, both subsidiaries of CCP, became subsidiaries of Conseco. Conseco also offers mutual funds and annuities. North American senior manager, Ken Keeler, provided rebuttal expert testimony, stating that the average-net profit on a loan was $2,100.4 Carrie Hiatt, a North American witness, further testified that approximately ten percent of certain Conseco leads resulted in funded loans. It collected $5.6 billion in. Well GreenTree Financial went bankrupt and their accounts were taken over by Conseco Financial. We will leave the question of whether tortious interference remains an independent claim to another court and another day. You basically need to say the following to US Bank "You did our refinance back in 2003 and it was based on the existing trust deed with Greentree being paid in full and satisfied at closing, which it was paid in full and satisfied, but the company failed to record a reconveyance and that is why their trust deed still appears on our title. After considering Conseco Finance Servicing Corporation's (Conseco's)1 unfair competition and tortious interference claims against North American Mortgage Company (North American), a jury returned a verdict against North American on each of the claims and awarded Conseco $3.5 million in actual damages and $18 million in punitive damages. COPYRIGHT MATERIAL OMITTED COPYRIGHT MATERIAL OMITTED Counsel who presented argument on behalf of the appellant was Thomas C. Walsh of St. Louis, MO. Another cancer insurance provider, Capitol American Financial Corp., was purchased by Conseco for $696 million in March 1997. In December of that year Hilbert's two holding companies were merged under the name Conseco, Inc. With about 25 employees and assets worth $3 million, Conseco substantially improved the performance of its two acquisitions during 1983 and 1984. Conseco's mortgage service division originates residential loans for individuals in the "subprime" lending market, e.g. R. Civ. $6 Billion Acquisition Haunts Conseco - timesunion.com This list included the names and phone numbers of these customers. Also in 1992, CCP shelled out $600 million to acquire Bankers Life and Casualty Co., one of the nation's largest writers of individual health insurance policies. The court also defined "readily ascertainable" to mean that the plaintiff did not spend a great deal of time or effort compiling that information. I bought a 1995 boat trailer. I did not know it had a lien - JustAnswer In addition, in 1992 the company paid $15 million for a 31 percent share of Chicago-based Eagle Credit Corp., an organization formed to provide financing to Harley-Davidson dealers and their customers. Wilton Re's U.S. operating company, Wilton Reassurance Company, has acquired 100% of the common stock of CLIC, a wholly owned subsidiary of CNO consisting of traditional and interest sensitive life insurance policies and deferred annuities in runoff. For Bolt, it's thousands of day-to-day employees with mortgages, children in college, and tight budgets who . The deal proved disastrous after mobile home loan defaults and delinquencies piled up as the economy soured. So, we purchased a mobile home in 1997 and it was financed through Greentree Financial. Conseco rounded out the year with two additional purchases--Colonial Penn Group, which sold life insurance to elderly American citizens, and Washington National Corp., a provider of life and health insurance and annuities. Conseco also filed a motion for a temporary restraining order prohibiting certain North American employees from taking, using, or disclosing documents from Conseco's loan files, and to return any information taken from Conseco's files. Conseco also asked that North American return all of the information that it had acquired from Conseco's former employees. We are satisfied that North American's conduct was sufficiently reprehensible to support the jury's award of punitive damages. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. To house its expanding staff and operations in Carmel, Conseco built a 40,000-square-foot data processing center in 1990. In 1998 Conseco hoped to continue its growth and strong financial performance. Removing a Lien on a Bankrupt Financial Institution - The FICO Forums According to Missouri law, a "trade secret" is information-including but not limited to-technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, or process that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by other persons who can obtain economic value from its disclosure or use. In July 1996 Conseco bought Life Partners Group, Inc. for about $840 million. They also bought life insurance company Colonial Penn later that year, changing their name to Conseco Direct Life. Either way, as I mentioned, there was a title company involved and that title company should be able to confirm they paid Greentree in full. 3 of the Int'l Bhd. And, one of North American's senior managers, Carrie Hiatt, knowingly authorized Rick Lasek to work in North American's Des Moines office while Lasek was still employed by Conseco, There was evidence of wrongdoing in several North American locations including: St. Louis, Missouri; Collinsville, Illinois; Springfield, Illinois; Wichita, Kansas; Davenport, Iowa; Colorado Springs, Colorado; and Overland Park, Kansas, North American's senior manager in charge of the company's expansion into the subprime market, Ken Keeler, received compensation based on loan production. What is BenefitNOW account? In September the company entered into a $344 million partnership with American Life Holdings, Inc., which included subsidiaries American Life and Casualty and Vulcan Life. This is the case for many customers of Conseco Finance Servicing Corporation. Conseco was founded in 1987 by Hilbert as a financial services company. Auto. Shane and J-Ville are on the money here for sure this is a responsibility of the Title Co. from the 2003 deal.