Spitzer widens probe into insurance industry sales practices
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NEW YORK, October 20  - The New York Attorney General&#39;s Office has widened its investigation into the practices of insurance brokerage fees in the insurance industry, including the practices prevalent among the life and health insurance
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The New York attorney general's  nascent but expanding probe into bid-rigging on Tuesday  threatened to envelop the entire U.S. insurance industry,  unnerving investors unsure how far Eliot Spitzer might go.
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New York and Connecticut officials say they are investigating whether improper behavior by insurance firms has been a factor in the rapidly rising cost of malpractice insurance for lawyers and doctors.
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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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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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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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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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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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NEW YORK -- Insurance giant American International Group Inc. said yesterday it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission related to nontraditional insurance products and ''certain assumed reinsurance transactions."
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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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US investigations into the sale of insurance that can smooth out volatile earnings have widened significantly. Ace, a big Bermuda insurer with extensive operations in the United States, said late Monday that
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Attorney General Eliot Spitzer&#39;s blockbuster insurance industry probe, which has rocked Wall Street with charges of conflicts of interest, is likely to focus next on health insurance.
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American International Group Inc., the  world's largest insurer by market value, said Monday it  received subpoenas from New York Attorney General Eliot Spitzer  and the Securities and Exchange Commission regarding products  that might help companies smooth earnings or hide losses.
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State Attorney General Eliot Spitzer sued the world&#39;s largest insurance broker and lodged criminal charges against two insurance executives, accusing the brokerage of taking improper payments to steer business to certain companies.
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The New York attorney general is pursuing reports of payoffs that may increase coverage costs for tens of millions.
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New York Attorney General Eliot Spitzer announces a six-month investigation into the insurance industry.
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Contrary to recent published reports, New York Attorney General Eliot Spitzer plans to expand his investigations into the financial industry in early 2005, a spokesman said.