States, DC Join In Insurer Probes
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Insurance commissioners nationwide, including those from Virginia, Maryland and the District, waded into the growing industry scandal yesterday, holding a teleconference to coordinate
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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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New York Attorney General Eliot Spitzer&#39;s probe of bid-rigging in the US insurance industry is quickly becoming national in scope as at least three more states opened similar investigations.
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The storm over the U.S. insurance  industry took a new turn Thursday when American International  Group Inc. AIG.N said a federal grand jury is investigating  products it sold that companies might have used to massage  earnings.
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Attorney General Andrew Cuomo of New York said that he is conducting an investigation of health insurers into allegations that reimbursement rates were manipulated to defraud consumers.
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NEW YORK, October 20  - The New York Attorney General&#39;s Office has widened its investigation into the practices of insurance brokerage fees in the insurance industry, including the practices prevalent among the life and health insurance
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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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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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Insurance commissioners nationwide, including those from Virginia, Maryland and the District, waded into the growing industry scandal yesterday, holding a teleconference to coordinate the investigation and regulation of the way carriers reward brokers for sending them business.
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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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At least two more states are planning to join New York Attorney General Eliot Spitzer in suing the insurance industry over allegations of bid-rigging and collusion.
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An investigation into insurance industry sales practices launched last week by the New York attorney general has widened to other states, and an increasing number of insurance companies have reported receiving subpoenas.
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The US Senate is about to open an investigation into allegations that some of America&#39;s largest insurers and brokers have taken part in schemes to rig insurance bids and to gain inappropriate fees from customers.
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American International Group Inc., the world's largest insurer by market value, said on Thursday it was the target of a federal grand jury investigation into products that prosecutors say were concocted to help companies manage their earnings.
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A state watchdog organization is investigating whether parties and events thrown by three companies at last week's Democratic National Convention violated state law, a source told The Associated Press.
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The world&#39;s largest insurer by market value is the target of a criminal investigation by the US Justice Department. American International (AIG) is accused of helping a banking client commit fraud and keep
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Federal officials are sending auditors to state capitals across the country to investigate techniques used by states to shift hundreds of millions of dollars in Medicaid costs to the federal government.