wider insurance probe
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WASHINGTON (CBS.MW) - State and federal regulators need to widen their probe of the US insurance industry in order to protect consumers and the economy, New York Attorney General Eliot Spitzer will tell a congressional panel Tuesday.
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U.S. prosecutors have asked Dutch insurance company Aegon NV to provide information in an investigation into insurance fraud, the company said Thursday.
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NEW YORK -- American International Group Inc., one of the world&#39;s largest insurance companies, is the target of a probe by the Department of Justice into possible securities violations.
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New York State&#39;s attorney general is investigating whether major insurance companies are paying kickbacks to agents and brokers, USA Today reported Monday.
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SACRAMENTO, CALIF. - California&#39;s top insurance regulator said Wednesday that he will be filing a civil suit shortly in the widening scandal over insurance industry sales practices.
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On Oct. 14, New York Attorney General Eliot Spitzer unveiled a major investigation of routine insurance industry practices and declared them to be nothing short of illegal payoffs and bid-rigging schemes.
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US financial regulators seek information from Berkshire Hathaway, the firm run by billionaire Warren Buffett, in an investigation into insurance products.
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California&#39;s top insurance regulator said Wednesday he will file a civil suit shortly in the widening scandal over insurance industry sales practices.
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ACE Ltd. on Thursday became the latest insurance company to announce changes in its business practices in response to the industry probe launched by New York&#39;s attorney general.
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The probe into insurance bid-rigging by New York's attorney general widened to health insurers on Tuesday, unnerving investors worried that more revelations of wrongdoing and lower profits lie ahead.
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New York Attorney General Eliot Spitzer will expand his investigation of the insurance industry in early January, a spokesman said on Sunday, contrary to a front
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American International Group, one of the world&#39;s largest insurance companies, has said that the Justice Department had begun a criminal investigation of one of its units over possible violations of federal securities laws.
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The US Senate is about to open an investigation into allegations that some of America&#39;s largest insurers and brokers have taken part in schemes to rig insurance bids and to gain inappropriate fees from customers.
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Already reeling from Attorney General Eliot Spitzer&#39;s no-holds-barred probe, insurers can now look forward to dozens of additional investigators from their state regulator giving their books a once over.
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In town to testify on bid rigging and price-fixing in the insurance industry, California Insurance Commissioner John Garamendi yesterday said ongoing investigations might reveal
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New York Attorney General Eliot Spitzer has broadened his probe into insurance brokerage fees to include life and health insurance company practices.
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The insurance giant is already being investigated by the Department of Justice and the Securities and Exchange Commission for transactions marketed to PNC Financial Services Group Inc.