2 insurers drop disputed fees
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NEW YORK -- Two major insurance companies named in the New York attorney general's investigation into questionable sales practices have discontinued the use of incentive fees, which are at the center of the probe.
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American International Group Inc. , the world's largest insurer by market value, on Tuesday said it reached preliminary accords to settle federal criminal and regulatory probes into whether it helped two companies fraudulently inflate earnings.
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Regulators have reached an agreement in principle on how to revamp a contentious accounting rule that cost businesses millions of dollars more than anticipated, removing a pair of major stumbling blocks attacked by consumer advocates.
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Insurance broker Marsh &amp; McLennan Cos. said yesterday it is renegotiating terms of $2.8 billion of backup bank financing after New York Attorney General Eliot Spitzer sued the company last week.
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THE REGION Bond fees lowered to woo customers
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Turbocharge your savings thanks to lowered fund fees.
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Two Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) executives linked to an insurance market bid-rigging investigation stepped down from their positions
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Northwest Airlines has pulled the plug on a controversial ticket-booking fee for travel agents, but held onto two new consumer charges.
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A Christian ministry that helps its members pay one anotherâs medical bills won an important round in its legal battle with insurance regulators.
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Ace Ltd., a Bermuda insurer that is a subject of the New York attorney general's investigation into the insurance industry, dismissed two executives.
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A chill is in the air for hospitals accustomed to having insurers pay ever higher prices for hospital services. That era appears to be ending.
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Charges have been dropped against two doctors who were accused of misconduct for signing cremation forms for Harold Shipman without adequate checks.
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The mutual fund giant trims expense rates on some of its most popular funds.
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THE REGION Blue Cross and Blue Shield of Massachusetts plans to lower or keep steady premiums for senior citizens enrolled in two health plans designed to bridge the gap between Medicare and the cost of medical care. The insurer aims to drop the monthly premium for Medex Core by 8 percent next year to $77.36 and essentially keep flat the ...
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Insurance brokers, whose images and share prices have both plunged in a fees scandal, will struggle to make up the hundreds of millions
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NEW YORK -- The nation's second- and third-largest cellphone carriers are lowering controversial surcharges on customer bills that have brought them over $250 million this year.
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A district judge today ordered two banks to come clean over unauthorised overdraft fees in a move that could see the true cost of bank charges revealed for the first time.