Spitzer May Urge More Insurance Oversight in Senate Testimony
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New York Attorney General Eliot Spitzer may tell a US Senate subcommittee today that federal oversight of the insurance industry is inevitable after his allegations of price manipulation and kickbacks.
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The bond insurer problem must be  fixed, or else it could become a "financial tsunami" that  wreaks havoc on the broader economy, New York Governor Eliot  Spitzer is due to tell the Congress Thursday.
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Thursday's actions are the first shots in what Spitzer called an investigation of widespread corruption in the insurance industry.
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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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New York&#39;s Attorney General Eliot Spitzer told a US Senate subcommittee Tuesday he expects his insurance industry probe to yield additional guilty pleas.
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Spitzer said other insurance companies are being investigated.
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Amid questions about whether the arthritis drug Vioxx was taken off the market soon enough, a key senator suggested Friday that an independent board of drug safety might
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American International Group Inc., the  world's largest insurer by market value, said it received  subpoenas from New York Attorney General Eliot Spitzer and the  Securities and Exchange Commission regarding products that  might help companies smooth earnings or hide losses.
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The chairman of the Senate Finance Committee yesterday called on the inspector general of the Department of Health and Human Services to investigate alleged attempts to discredit a Food and Drug Administration whistle-blower.
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Berkshire Hathaway Inc., the company  run by billionaire Warren Buffett, said its General Re Corp.  reinsurance unit on Thursday received a subpoena from New York  Attorney General Eliot Spitzer for information on insurance  products that might help companies smooth earnings.
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New York Attorney General Eliot  Spitzer, who is probing bid-rigging in the insurance industry,  expects to file suit against health insurance consultant  Universal Life Resources as early as Friday, a spokesman for  his office said.
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Warren Buffett'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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Is no one safe from Eliot Spitzer&#39;s accusing finger? After the investment banking, fund management and pharmaceuticals industries comes the insurance sector, which in a suit filed by the New York attorney
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New York Attorney General Eliot Spitzer, who last month launched a probe into bid rigging in the insurance industry, said on Friday he would prefer to see the industry&#39;s
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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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Revelations of bid-rigging within the insurance industry may lead Congress to a "Pandora's box" of unethical conduct, a top investigator told Congress on Tuesday, just before two more executives pleaded guilty.
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The Senate Judiciary Committee may  seek testimony from controversial prosecutor Patrick Fitzgerald  about the obstruction of justice case against vice presidential  aide Lewis &quot;Scooter&quot; Libby, two senators said on Sunday.