Spitzer seeks "smart way" to help bond insurers
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New York Gov. Eliot Spitzer on Thursday said he and the state insurance superintendent were making "good progress" on a plan to stabilize bond insurers, adding he was being careful not to get ahead of the federal government.
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Eliot Spitzer, the New York State attorney general, has recently taken on a procession of corporate powers from mutual funds to insurance brokers.
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At least two more states are  investigating charges of bid-rigging in the U.S. insurance  industry brought by New York Attorney General Eliot Spitzer  last week.
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Warren Buffett's Berkshire Hathaway Inc is starting a bond insurer to help state and local governments lower their borrowing costs, directly challenging established rivals that are struggling with deteriorating credit markets, the Wall Street Journal said on Friday.
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Lawmakers said government intervention may be needed to ease financial strains in the bond industry that are unsettling other areas of the economy.
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The City watchdog asks insurers and brokers to inform on firms that they think are committing fraud.
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Wall Street banks and the New York State Insurance Department are more likely to look for individual fixes for ailing bond insurers than an industry-wide bailout, a person briefed on the matter said on Monday.
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The bond insurer, which took a $5.21 billion write-down, said it is reviewing ways to raise capital.
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New York Attorney General Eliot Spitzer tells US lawmakers that many insurance brokers systematically fix the market.
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Eliot Spitzer, the two-term New York State attorney general who has gained a national reputation uncovering corrupt practices throughout the financial and insurance industries, said yesterday
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CRUSADING New York Attorney General Eliot Spitzer is turning his attention to pension consultants as part of his attack on the insurance industry.
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Commercial and investment banks could  see their credit ratings cut if the bond insurers which hedge  some of their assets were themselves downgraded, Standard &  Poor's said on Tuesday, as billionaire investor Wilbur Ross  mulled whether to invest $1 billion or more in the sector.
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NEW YORK -- Billionaire investor Warren Buffett said Tuesday he has offered to help out troubled bond insurers by offering a second level of insurance on up to $800 billion in municipal bonds.
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New York attorney general is ready to turn over high-profile cases to federal regulators: report. NEW YORK (CNN/Money) - Eliot Spitzer may be ready to turn in his badge.
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American International Group Inc.  on Monday said it received new subpoenas from New York Attorney General Eliot Spitzer and the U.S. Securities and Exchange Commission related to insurance products that might help companies smooth earnings or hide losses.
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NEW YORK An investigation into the insurance business is expanding as Eliot Spitzer, the New York State attorney general, increasingly turns his attention to whether US corporations and their employees are paying more for life, disability and accident
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New York Attorney General Andrew Cuomo, who is probing how Wall Street banks packaged and sold mortgage bonds, may use the same powerful state law that predecessor Eliot Spitzer wielded to secure billions of dollars in settlements from investment banks and mutual fund firms, the Wall Street Journal reported Wednesday, citing unnamed sources.