Spitzer Sues Insurance Broker Universal Life
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New York Attorney General Eliot Spitzer on Friday widened his investigation of the insurance business, this time suing a broker that allegedly took kickbacks from big life insurers.
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New York Attorney General Eliot Spitzer, who is probing bid-rigging in the insurance industry, expects to file suit against health insurance consultant Universal Life Resources as early as Friday, a spokesman for his office said.
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NEW YORK - Today, New York Attorney General Eliot Spitzer will announce that he is filing both criminal and civil lawsuits against Marsh &amp; McLennan, the largest US insurance brokerage firm.
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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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New York Attorney General Eliot Spitzer&#39;s filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is expected to reach into the insurance
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New York Attorney General Eliot Spitzer on Thursday filed a civil action against Marsh &amp; McLennan, saying generally the overall industry was involved in bid rigging and steering the clients to other companies in return for illegal payments.
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New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage yesterday, accusing brokers of taking payoffs to steer clients to insurance companies that were not necessarily offering the lowest prices for their policies.
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A former chief operating officer at a Marsh & McLennan Cos. Inc. unit has sued the world's largest insurance broker by market value, alleging he was not properly compensated after being fired in the aftermath of a 2004 bid-rigging scandal.
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The insurance broker accused by the New York attorney general of bid rigging and price fixing faces another threat: lawsuits filed by angry customers and the company&#39;s own shareholders, who are upset the company&#39;s stock has plummeted.
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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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NEW YORK, October 25  - Aon Corporation (AOC.NYS), the world&#39;s second largest insurance brokerage firm, is likely to face a possible civil lawsuit in connection with the ongoing investigation into the insurance industryâs sales
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker sued by New York Attorney General Eliot Spitzer last week for its business practices, said on Monday
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The nation's largest insurance brokerage will pay $850 million in restitution to end New York Attorney General Eliot Spitzer's investigation into bid rigging and price fixing in a settlement the company hopes will end other states' probes and private lawsuits.
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New York Attorney General Eliot Spitzer yesterday sued Marsh &amp; McLennan Cos., alleging the world&#39;s largest insurance broker took payoffs to steer clients to some insurers.
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Insurance firms are left  reeling as New York attorney general Elliot Spitzer sues Marsh & McLennan, the world's largest insurance broker, for taking illegal payments.
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New York Attorney General Eliot  Spitzer, who is probing bid-rigging in the insurance industry,  expects to file suit against health insurance consultant  Universal Life Resources as early as Friday, a spokesman for  his office said.
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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.