US insurers reel amid fix probe
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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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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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Munich Re and other insurers pounded  European bourses on Friday as a U.S. lawsuit alleging  manipulation in the industry raised the specter of a financial  scandal, while disappointing sales hit fashion retailer Hennes  & Mauritz.
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The nation&#39;s biggest insurers are mired in a brewing scandal that many executives fear could shake the industry to its core. After
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Zurich Financial Services said Friday it has suspended several employees in the United States as part of an internal review tied to a wider industry investigation of insurance broker Marsh & McLennan Companies ...
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As scrutiny of the insurance industry intensifies, investigations are likely to underline the web of relationships between insurers and Marsh & McLennan.
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US financial regulators have requested information from Warren Buffett&#39;s Berkshire Hathaway group as part of a probe into certain insurance products.
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New York&#39;s attorney general has broadened his insurance-brokerage probe into life and health insurance, investigating whether brokers have taken payoffs to steer business
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American International Group, one of the world&#39;s largest insurers, continues to clash with regulators, but Wall Street seems more puzzled than alarmed.
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The US stock market regulator is investigating troubled insurance broker Marsh &amp; McLennan&#39;s shareholder transactions, the firm has said.
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The  world's largest insurance group pays $126m in fines as part of a settlement with US regulators over its dealings with two firms.
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Marsh &amp; McLennan, the US insurance broker accused of rigging the market to win bogus fees from customers, yesterday warned lines of credit from lenders
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The investigation of insurance industry practices launched by New York Attorney General Eliot Spitzer isn&#39;t just spreading to include more insurers, it has set off a frenzy of scrutiny nationwide, from California to Connecticut.
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WASHINGTON (CBS.MW) - State and federal regulators need to widen their probe of the US insurance industry in order to protect consumers and the economy, New York Attorney General Eliot Spitzer will tell a congressional panel Tuesday.
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American International Group Inc., the world&#39;s largest insurer, said the Securities and Exchange Commission may sue it for failing to disclose that the regulator is probing transactions with two unidentified insurers.
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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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Accounting flaws at the insurance giant that understated the companyâs losses raised new questions about the deteriorating health of financial companies.