Bankers Life and Casualty

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Bankers Life and Casualty is primarily a health insurance company in the United States.

It was founded in 1879 and was previously known as White Cross. It was formerly owned by millionaire investor John D. MacArthur; upon his death, majority ownership passed to the MacArthur Foundation, best-known as the source of its so-called "genius grants". The Illinois Department of Insurance found this situation to be problematic; it did not feel that Illinois law contemplated the ownership of stock, for-profit insurance companies by a nonprofit organization. The Foundation was forced to liquidate its holdings, and control of the company passed to ICH Holdings of Louisville, Kentucky, which was later acquired by Conseco.

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