Amid a criminal investigation into his company’s alleged wrongdoing, the likes of which were compared to Enron, the former head of Southern U.S. Insurance Inc. (SEUS) said there was no fraud “either intended or committed.”

If life insurance companies take the “back-to-basics” approach to survive, then they may suffer this year, according to an industry analyst.

California Insurance Commissioner Steve Poizner says American International Group owes reinsurance of more than $527 million to liquidated workers’ compensation insurers following a court ruling.

Georgia’s insurance department has begun a criminal investigation into the business practices of the former head of Southern U.S. Insurance Inc. (SEUS), comparing the insurer’s operations to “those of Enron.”

Citing the need to treat policyholders fairly, Pennsylvania’s insurance commissioner has petitioned that the Penn Treaty Network America Co. and its subsidiary, American Network Insurance Co., be liquidated.

Dennis J. Hayes was appointed as special deputy superintendent of the New York Liquidation Bureau, the division that serves as the court-appointed fiduciary and receiver of insolvent or impaired insurers in the state.

A month after being placed into rehabilitation, a Miami, Fla.-based insurance company and its subsidiary are to be liquidated.

Leon County Circuit Court Judge Charles A. Francis issued the order for …  Read →

An Ohio court has granted the request of state insurance regulators to place an insolvent physician-owned provider of health insurance into liquidation.

Worthington, Ohio-based The Physicians Assurance Corp. was licensed by …  Read →

The liquidation estate of Fremont Indemnity Co. should receive up to $37.3 million after California insurance regulators settled four suits stemming from its investigation into the 2003 failure of the …  Read →

A lawsuit filed in Missouri seeks $3 billion in damages from the law firm that represented General American Life Insurance Co., the state’s largest life insurer and at one point, …  Read →