CNO Financial Approved to Consolidate Insurance Subsidiaries

CNO Financial Group Inc., based in Carmel, Ind., announced it has received regulatory approvals for the previously announced plan to consolidate three insurance companies.

Under the consolidation plan, two CNO insurance subsidiaries – Conseco Insurance Co. and Conseco Health Insurance Co. were merged into Washington National Insurance Co. (WNIC) in a transaction which was subject to approval of insurance regulators in Indiana, Illinois, Arizona and California.

In connection with and prior to the merger, WNIC was re-domesticated from Illinois to Indiana.

Source: CNO