Insurance Investigation Widens to Include a Look at Costs
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An investigation into the insurance business is expanding, investigators said yesterday, as Eliot Spitzer, the New York attorney general, increasingly turns his attention to whether American
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Some of the insurance brokers and carriers under investigation in New York Attorney General Eliot L. Spitzer&#39;s probe of steering and bid-rigging are major players in the Washington area insurance market.
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The company tightens its forecast on cost concerns.
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New York&#39;s attorney general has broadened his insurance-brokerage probe into life and health insurance, investigating whether brokers have taken payoffs to steer business
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A Congressional committee began looking into business practices in the long-term care insurance industry.
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An investigation by the New York Attorney General has insurance companies in Canada scurrying to review their commission policies.
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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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Investigations into the sale of insurance that can smooth out volatile earnings have widened significantly, as Ace Ltd., a big Bermuda insurer with extensive operations in the United
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Costs have increased steadily in recent years, causing some to wonder about quality.
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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.
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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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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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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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WASHINGTON - The Pentagon is broadening its investigation of Boeing Co.&#39;s contracting scandal, increasing the potential for more financial and legal hits for the aerospace giant.
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ACE Ltd. yesterday became the latest insurance company to unveil changes in its business practices in response to the industry probe launched by New York's attorney general.
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The company at the center of a probe into insurance brokerage fees says it took in more than $1.2 billion in incentive payments over the past 18 months and that its decision to stop using such fees will reduce operating income.
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The inquiries suggest that a new inquiry into an area of accounting that has long troubled both investors and pension-rights advocates will cast a broad net.