News

Professional wrestler Hulk Hogan has added his ex-wife to a previously filed lawsuit against Wells Fargo Insurance Services.

The personal lines insurance industry is in good financial shape despite the economic challenges companies have faced recently, but some consolidation is expected in the future among the smaller players, according to a report from Moody's.

Five executives convicted of producing a sham insurance contract deal between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial.

In a series of filings with the Securities and Exchange Commission, American International Group (AIG) submitted adjusted financial statements taking into account several transactions meant to ultimately repay taxpayers.

The National Association of Insurance Commissioners is considering amending the NAIC Model Risk Retention Act to require the states of domicile to follow the NAIC's governance model governing risk retention groups.

The New York Insurance Association (NYIA) elected Richard Zick as its chairman for a one-year term ending Dec. 31, 2011.