NY AG probes health insurers over reimbursement
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New York Attorney General Andrew Cuomo said on Wednesday he is conducting an industry- wide probe of health insurers into an alleged scheme to defraud consumers by manipulating reimbursement rates.
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MBIA Inc., a large U.S. bond insurer,  said on Thursday it received subpoenas from the U.S. Securities  and Exchange Commission and New York Attorney General Eliot  Spitzer, seeking information about so-called non-traditional or  loss-mitigation insurance products.
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Preliminary investigations in New York, Connecticut and California suggest that insurance companies frequently pay insurance brokers and agents undisclosed compensation -- including cash, loans, stock and exotic trips -- for steering health, automobile and other retail insurance business to them, state officials told Congress yesterday.
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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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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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State and federal regulators need to widen their probe of the US insurance industry to protect consumers and the economy, New York Attorney General Eliot Spitzer told a congressional panel yesterday.
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Description: Probes of the nation&#39;s insurance industry widen, as California joins New York in investigating insurance sales practices.
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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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Attorney General Richard Blumenthal said Thursday that his office is reviewing a state contract awarded to a health care network to provide managed care services to thousands of poor, single adults.
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The probe into insurance bid-rigging  by New York's attorney general widened to health insurers on  Tuesday, unnerving investors worried that more revelations of  wrongdoing and lower profits lie ahead.
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The US Senate is about to open an investigation into allegations that some of America&#39;s largest insurers and brokers have taken part in schemes to rig insurance bids and to gain inappropriate fees from customers.
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New York Attorney General Eliot Spitzer, who last month launched a probe into bid rigging in the insurance industry, said on Friday he would prefer to see the industry&#39;s
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New York Attorney General Andrew Cuomo  said on Wednesday he is conducting an industry-wide probe of  health insurers into an alleged scheme to defraud consumers by  manipulating reimbursement rates.
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HARTFORD -- The Securities and Exchange Commission has opened another front in the widening investigation of insurance brokerage fees, launching a probe of Hartford Life , a unit of the Hartford Financial Services Group Inc.
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Insurance brokers required to provide competing bids to customers seeking the best deal have been taking payoffs from insurance companies to rig the system in widespread corruption in the industry, New York Attorney General Eliot Spitzer charged Thursday.
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The US Department of Justice has started a criminal investigation of the medical-supply industry to determine whether hospitals are overcharging Medicare and other government health
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NEW YORK - 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.