Ariz. Insurance Director Reviews Alleged Broker and Insurer Bid ...
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The Director of the Arizona Department of Insurance, Christina Urias, is joining insurance regulators in other states to review allegations of bid-rigging and price-fixing between insurance brokers and insurance companies.
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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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Jeffrey Greenberg, the chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging the market to make inappropriate fees from customers, was yesterday expected
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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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ALBANY, NY - New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage Thursday, 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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Attorney General Bill Lockyer announced he has launched a formal investigation into possible antitrust violations and fraud by insurance companies and brokers, and said the probe&#39;s initial focus will be on bid-rigging and other anti-competitive conduct in
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On Oct. 14, New York Attorney General Eliot Spitzer unveiled a major investigation of routine insurance industry practices and declared them to be nothing short of illegal payoffs and bid-rigging schemes.
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Senate governmental affairs subcommittee hearing on insurance brokerage policies, with Eliot Spitzer of New York and Richard Blumenthal of Connecticut scheduled to testify.
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Some of the insurance brokers and carriers under investigation in New York Attorney General Eliot L. Spitzer&#39;s probe of steering and bid-rigging are major players in the Washington area insurance market.
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When New York Attorney General Eliot Spitzer accused insurance broker Marsh &amp; McLennan Cos. last month of taking kickbacks from insurers, resulting in higher premiums for clients, he raised questions for the
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ALBANY, NY -- The man who made Wall Street reform its ways is now charging widespread corruption in the insurance industry. He alleged that brokers have been taking payoffs from insurance companies to steer
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Eliot Spitzer, the New York state attorney general, yesterday accused the world&#39;s largest insurance broker of cheating customers by rigging prices and steering business to insurers in exchange for millions of dollars in kickbacks.
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Securities regulators are opening up yet another front in their long-running investigation of the mutual fund industry, examining brokerage firms that allegedly gave mutual fund employees lavish gifts in exchange for business, officials said yesterday.
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Congress is examining the scandal rippling through the insurance industry, with its largest brokerage accused of bid rigging and price fixing amid high-level resignations, employee layoffs and guilty pleas by some executives.
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Marsh &amp; McLennan, the world&#39;s biggest insurance broker, last night disclosed that regulators had launched an investigation into transactions involving its directors.
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SAN FRANCISCO (CBS.MW) -- Willis Group said Monday that it hired a top broker from larger rival Marsh &amp; McLennan, one of the first signs talent is on the move as a result of Eliot Spitzer&#39;s probe of the industry.
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Outside directors of Marsh &amp; McLennan Cos. have sought to negotiate with New York Attorney General Eliot Spitzer in the insurance bid rigging case, a source familiar with the overture said Friday.