Navigation Links
Top Insurance Expert Calls on 144,000 Holders of Long-Term Care Polices to Protest an Eleventh Hour Conseco Trust

ONTARIO, Calif., Sept. 25 /PRNewswire/ -- Conseco, an Indiana based insurance company, without notice to policyholders has decided to move 144,000 Long-Term Care policies into a Trust that could financial ruin senior citizens, says Frank N. Darras, the nation's leading disability and Long-Term Care insurance lawyer.


Frank N. Darras has urged 144,000 holders of these Long-Term Care insurance policies to protest immediately the creation of this Trust. See

"Without any notice or warning to these faithful, premium paying seniors, Conseco has proposed creating a new Senior Health Insurance Trust to uncouple a hemorrhaging block of business it purchased from American Travelers and Transport Life in the mid-1990's," says Darras. "The end of the comment period to the Pennsylvania Department of Insurance is September 30, 2008."

According to Darras, Conseco has a history of treating its Long-Term Care policyholders badly. Earlier this year, the Pennsylvania Insurance Department found Conseco had violated insurance claims handling practices and fined the company $32.3 Million. Acting Pennsylvania Insurance Commissioner Joel Ario, defined the bulk of the fine as "restitution to consumers who were harmed".

Now, however, the Pennsylvania Department of Insurance appears to be working with Conseco to approve this Trust. The timeline started in an August 11 Conseco conference call and the deadline for commentary is September 30th. "What's the rush?" asks Darras.

"Conseco wanted to be the industry leader in Long-Term Care. Now it's time for the company to honor what it sold. It looks as if the company is attempting to spin off an eleventh hour Trust, without notifying the very policyholders that will be affected and that is wrong," says Darras.

Conseco policyholders and all LTC policyholders are urged to write or fax the Pennsylvania Insurance Department to weigh in on this very important Trust, according to Darras.

Contact Frank N. Darras directly at or call 800-458-4577, visit or email at

SOURCE Frank N. Darras
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Patients with Medicaid and those lacking insurance have higher risk of advanced laryngeal cancer
2. Insurance Impacts Laryngeal Cancer Detection
3. Record Number of Americans Lack Health Insurance
4. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
5. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
6. Launches Video Contest for Young Directors
7. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
8. International Gateway Insurance Brokers Partners With MEDILINQ
9. New AHIP Report Takes a Ten Year Look at the Unintended Consequences of State Efforts to Change the Insurance Market
10. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
11. Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
Post Your Comments:
(Date:12/1/2015)... ... December 01, 2015 , ... Nurotron Biotechnology Co., Ltd., maker ... order to date. , The order will be from the China Disabled Persons’ ... Implant System is an effective solution for children and adults suffering from severe ...
(Date:11/30/2015)... ... November 30, 2015 , ... ... Brooke Bennett are collaborating with brands across various categories through traditional and social ... make up an elite group of Gold Medal Moms who can connect with ...
(Date:11/30/2015)... ... December 01, 2015 , ... The ... a 2015-2016 inductee into its VIP Woman of the Year Circle. She is ... leading networking organization exclusively for professional women, boasting 850,000 members and over 200 ...
(Date:11/30/2015)... Alexandria, VA (PRWEB) , ... November 30, 2015 ... ... Applied Research Foundation (Meso Foundation) released information for caregivers and held two webinars ... webinars are available on demand free of charge at . , ...
(Date:11/30/2015)... ... ... MOSI recently added two state-of-the-art augmented reality (AR) experiences from INDE Broadcast ... collection of interactive exhibits within the Kids In Charge! building. In collaboration with the ... closer than ever to a range of animals as they drink, sleep and play ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... 30, 2015   Royal Philips  (NYSE: ... of Radiology Solutions, a fully integrated, consultative approach ... customized, data-driven practice management approaches that combine imaging ... practices improve care delivery and reduce costs. Making ... of North America Annual Meeting (RSNA) in ...
(Date:11/30/2015)... 30, 2015 Nautilus Medical Inc. today announced ... platform ( ). The release of MatrixRay to ... 2015 (Radiology Society North America) in Chicago ... U.S. --> --> ... access to radiology studies worldwide via a peer-to-peer exchange ...
(Date:11/30/2015)... 30, 2015 (HK$,000)For the Six Months Ended 30 September 2015 2014RestatedChange%Turnover 545,575 ... , 421,979 , 384,242 , ... 34,719 , (18.3) Medical Insurance Administration Service ... 16.1 Medical Devices and Accessories Sales , 89,645 ... Herbal Medicines Sales , 2,822 , 2,917 ...
Breaking Medicine Technology: