Insurance industry latest to be accused
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another corporate conflict-of-interest scandal that, if it&#39;s as big as prosecutors say, is costing all of us. This time, New York Attorney General Eliot Spitzer is prying open the insurance industry
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New York Attorney General Eliot Spitzer is launching a suit against insurance broker Marsh &amp; McLennan Cos., charging it engaged in market manipulation at the cost of insurance buyers, according to a source familiar with the situation.
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Some industry analysts say an ongoing insurance bid-rigging scandal -- combined with rising health-care costs -- will build demand for online bidding on insurance policies.
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Marsh &amp; McLennan, the US insurance broker accused of rigging the market to win bogus fees from customers, yesterday warned lines of credit from lenders
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New York Attorney General Eliot Spitzer sued insurance giants Marsh &amp; McLennan, American International Group and several others Thursday, alleging policy brokers have been taking payoffs from insurance companies to steer corporate clients their way rather
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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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WASHINGTON Congress would find a &quot;Pandora&#39;s box&quot; of unethical conduct if it delved deeper into the growing scandal within the insurance industry.
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Attorney General Eliot Spitzer yesterday sued insurance brokerage Marsh &amp; McLennan, accusing the company of rigging bids and steering business to insurance companies that paid fees for special treatment.
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The largest insurance brokerage company in the U.S. was accused of taking payoffs from insurance companies to send them clients.
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Not all insurance stocks are being punished for the Marsh &amp; McLennan price-fixing scandal, but the investigation is just getting rolling.
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America&#39;s largest insurer is in hot water again with regulators. American International Group (AIG ) said on Oct. 4 that officials at the Securities &amp; Exchange Commission and the Justice Dept.
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Disclosures of bid-rigging within the insurance industry may lead Congress to a &#39;&#39;Pandora&#39;s box&quot; of unethical conduct, a top investigator told Congress
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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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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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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 filed a lawsuit today accusing the world's largest insurance broker of cheating its customers by rigging bids for the coverage they bought.
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New York Attorney-General Eliot Spitzer has been conducting a probe of the insurance industry but now says he will not bring criminal charges against the world&#39;s biggest insurance broker, Marsh &amp; McLennan.