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Conseco Reaches Settlement of Multistate Market Conduct Examination
Date:5/7/2008

care and spiraling healthcare costs," said Conseco CEO Jim Prieur. "As we expected, after an extensive review the examiners did not find that Conseco had engaged in a practice of improper claims denials."

"Conseco is committed to meeting the standards set forth in the forward-looking settlement to steadily improve our company," said Prieur. "We've been diligently working toward best-in-class service through the process improvement and enhancement program we implemented in 2007, and are already seeing meaningful results in claims and complaint handling."

"The conclusion of the multistate exam, the findings and the settlement are a positive step for not only our company but for the long-term care industry as a whole," Prieur said. "Private payer long-term care is extremely important, because our nation faces a huge demographic challenge. It is in the best interests of policyholders and taxpayers that the industry and regulators work together to find solutions to preserve the public's faith in long-term care insurance."

Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures. For more information, visit Conseco's web site at http://www.conseco.com/ .


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SOURCE Conseco, Inc.
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