US insurers hit by probe threat
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US health insurance stocks fall amid concerns that New York attorney general Elliot Spitzer will widen a probe into price rigging.
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New York and Connecticut officials say they are investigating whether improper behavior by insurance firms has been a factor in the rapidly rising cost of malpractice insurance for lawyers and doctors.
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New York Attorney General Eliot  Spitzer's probe of bid-rigging in the U.S. insurance industry  is quickly becoming national in scope as at least three more  states opened similar investigations.
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Attorney General Eliot Spitzer&#39;s blockbuster insurance industry probe, which has rocked Wall Street with charges of conflicts of interest, is likely to focus next on health insurance.
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The Massachusetts attorney general's office is expanding its investigation into the lucrative commissions insurers pay brokers and consultants who promote their products, saying some of them may have violated their contracts with cities and towns.
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The insurance broker accused by the New York attorney general of bid rigging and price fixing faces another threat: lawsuits filed by angry customers and the company&#39;s own shareholders, who are upset the company&#39;s stock has plummeted.
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The investigation of insurance industry practices launched by New York Attorney General Eliot Spitzer isn&#39;t just spreading to include more insurers, it has set off a frenzy of scrutiny nationwide, from California to Connecticut.
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Rivals of the No. 1 insurance broker are desperate to replace the highly profitable contingent commission revenue they were forced to jettison in the wake of the probe by New York Attorney General Eliot Spitzer.
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New York Attorney General Eliot Spitzer&#39;s probe of bid-rigging in the US insurance industry is quickly becoming national in scope as at least three more states opened similar investigations.
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BRITAIN&#39;S largest financial institutions are being urged to take lead roles in lawsuits seeking hundreds of millions of dollars from the scandal-struck US insurance industry.
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At least two more states are investigating charges of bid-rigging in the US insurance industry brought by New York Attorney General Eliot Spitzer last week.
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SAN FRANCISCO -- The probe into who knew what, and when, about spying at Hewlett-Packard Co. threatened to reach into the chief executive's office yesterday, rattling investors, who feared the world's largest technology company was sailing into a perfect storm.
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Top U.S. life insurer MetLife Inc.  MET.N said on Friday it had received several subpoenas from  New York Attorney General Eliot Spitzer, in a sign that a probe  into alleged rigging of bids in exchange for fat fees in the  insurance industry is widening.
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American International Group Inc., one of the world&#39;s largest insurance firms, said Monday that the Securities and Exchange Commission may bring a civil action against
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The New York attorney general's investigation into abuses in the insurance industry escalated with a lawsuit accusing a California broker of fraudulent practices.
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Eliot Spitzer&#39;s probe into bid-rigging and insurance practices is likely to usher in an era of greater transparency, decreased compensation for insurance brokers and revamped business models.
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Berkshire Hathaway, the US conglomerate run by Warren Buffett, has been caught up in a widening investigation into alleged misuse of insurance products to manipulate company earnings.