Insurance Probe Rattles Stocks
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An investigation into U.S. insurers  and brokers rattled insurance industry stocks for a second day  on Friday as investors, shaken further by subpoenas delivered  to the top U.S. life insurer, struggled to gauge how deep the  probe might reach.
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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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Congress is examining the scandal rippling through the insurance industry, with its largest brokerage accused of bid rigging and price fixing amid high-level resignations, employee layoffs and guilty pleas by some executives.
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U.S. stocks fell on Tuesday as New  York Attorney General Eliot Spitzer's probe of the insurance  industry widened to the health sector, hammering shares of  health insurers.
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U.S. stocks were lower on Tuesday as  health insurers' shares fell on worry that a probe by New York  Attorney General Eliot Spitzer is widening and will hit the  entire industry.
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Wall Street tried to sort through some problematic readings on the economy and new concerns surfaced about the safety of owning financial stocks.
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The company talks down a recent inexplicable stock run-up.
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Warren Buffett&#39;s Berkshire Hathaway Inc. said the US Securities and Exchange Commission requested information on insurance policies that may help companies smooth earnings.
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As scrutiny of the insurance industry intensifies, investigations are likely to underline the web of relationships between insurers and Marsh & McLennan.
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At least two more states are  investigating charges of bid-rigging in the U.S. insurance  industry brought by New York Attorney General Eliot Spitzer  last week.
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Insuring companies for costs related to data breaches used to be a slow business, but after the multimillion-dollar TJX case, companies are suddenly scrambling for coverage -- and some are being rejected by insurers for inadequate policies and procedures.
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Ace Ltd., a big Bermuda insurer, is being investigated for its role in selling insurance that can smooth out volatile earnings.
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European insurance stocks fall on the back of subprime bond claim worries.
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Corporations are eye-balling their insurance policies and payments more closely these days, in light of alleged broker kick-backs and bid-rigging uncovered by New York&#39;s attorney general.
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U.S. stocks bounced higher on Tuesday  as battered insurers such as Marsh & McLennan Cos. MMC.N  gained on increased confidence of a quick resolution to New  York Attorney General Eliot Spitzer's probe of the industry.
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Marsh &amp; McLennan Companies, the world&#39;s largest insurance broker, said yesterday that the Securities and Exchange Commission had begun a formal investigation into investments by its executives
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TORONTO (CP) - A pickup in the US insurance sector sent stock markets higher Tuesday afternoon however continued volatility in oil prices kept many investors from making large bets.