Spitzer sues insurance broker
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California insurance broker Universal Life Resources was sued by New York Attorney General Eliot Spitzer for taking kickbacks from MetLife, Prudential and UnumProvident.
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New York Attorney General Eliot Spitzer has broadened his probe into insurance brokerage fees to include life and health insurance company practices.
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California filed a lawsuit Monday accusing the brokerage house Edward D. Jones &amp; Co. of accepting $300 million in improper payments to push its clients toward certain mutual funds.
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Several major insurance companies are named in a class-action lawsuit alleging they conspired with California insurance broker Universal Life Resources to steer business the broker's way in exchange for kickbacks, according to court papers.
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New York Attorney General Eliot  Spitzer will file a lawsuit as early as Friday against an  insurance company, the second suit stemming from his sweeping  probe into bid-rigging in the industry, Spitzer told Reuters on  Friday.
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New York Attorney General Eliot Spitzer has sued Marsh, alleging that the world&#39;s largest insurance broker steered unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that the firm solicited rigged bids for insurance
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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.
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GIANT insurance brokers are accused of taking kickbacks from insurance companies. Mutual fund managers allow preferred clients to trade after hours.
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California filed a lawsuit yesterday accusing the brokerage house Edward D. Jones &amp; Co. of accepting $300 million in improper payments to push its clients toward certain mutual funds.
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The New York state attorney general accused the world's largest insurance broker of cheating customers by rigging prices in exchange for kickbacks.
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New York Attorney General Eliot  Spitzer on Thursday sued several prominent participants in the  insurance industry, including AIG and broker Marsh & McLennan  Cos. MMC.N, charging they engaged in market manipulation.
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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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The Securities and Exchange Commission filed a lawsuit on Wednesday against the brokerage firm JB Oxford Holdings and its National Clearing Corporation unit, accusing them of improper mutual fund trading.
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Marsh &amp; McLennan Cos., Aon Corp. and Willis Group Holdings Ltd., insurance brokers whose business practices are the focus of a probe by New York Attorney General Eliot Spitzer, have
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New York state Attorney General Eliot Spitzer is preparing to file his second civil suit against an insurance broker, San Diego, Calif.
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New York Attorney General Eliot  Spitzer on Friday filed suit against Universal Life Resources  (ULR), charging the life and disability insurance broker with  taking fraudulent kick-backs for steering business to insurers  MetLife, Prudential and UnumProvident.
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Connecticut Attorney General Richard Blumenthal yesterday sued insurance brokerage giant Marsh &amp; McLennan Inc. and a unit of the Bermuda-based ACE Ltd. insurance company for alleged illegal commissions in connection with an $80 million state contract.