Central States Health & Life Co. of Omaha · Omaha, NE United States
Company Description
Phone: 402-397-1111
Fax: 402-391-3772
Toll Free: 800-826-6587
View Central States Health & Life Co. of Omaha Locations On A US Map
This link will open in a new window
This link will open in a new window Central States Health & Life (CSO) has you covered when an accident prevents you from making your car payment. The mutually owned company offers credit protection products, including credit life and credit disability insurance, that pay off debt in the event of accident, illness, or injury. It also works with financial institutions to implement debt cancellation programs, in which lenders cancel a loan if certain events (such as death or unemployment) occur. CSO works largely through partnerships with more than 5,500 auto dealerships, banks, and credit unions. Founded in 1932, CSO is licensed in 49 states, and in Guam and Puerto Rico. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Central States Health & Life Co. of Omaha Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| Employees | 150 |
Central States Health & Life Co. of Omaha Executives
47 executives listed for Central States Health & Life Co. of Omaha's Omaha, NE location.
| Title | Name & Bio | Contact |
| Customer Service Manager, IAE Power Products | Jackie Reed | Network |
| Shop Manager, IAE Power Products | John Podraza | Network |
| General Manager, Great Lakes Thermo King and Illinois Auto Central | Andy Marco | Network |
Competition
Competitive Landscape for Central States Health & Life Co. of Omaha
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Central States Health & Life Co. of Omaha Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!