Broker Accused of Rigging Bids for Insurance
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The New York state attorney general accused the world's largest insurance broker of cheating customers by rigging prices in exchange for kickbacks.
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Berkshire Hathaway, the US conglomerate run by Warren Buffett, has been caught up in a widening investigation into alleged misuse of insurance products to manipulate company earnings.
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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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A Marsh & McLennan Cos. Inc.  insurance broker, Senior Vice President Robert Stearns, on Thursday pleaded guilty to criminal charges in connection with an ongoing probe into fraud and bid-rigging in the insurance industry, New York Attorney General Eliot Spitzer's office said.
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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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By Liz Kowalczyk and Andrew Caffrey, Globe Staff | November 14, 2004. The Massachusetts attorney general&#39;s office is investigating the state&#39;s health insurance industry over lucrative commissions offered brokers
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Two former underwriters at Zurich American Insurance Co. pleaded guilty yesterday to participating in rigging fake bids in an ongoing investigation into insurance industry practices led by New York Attorney General Eliot Spitzer.
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New York Attorney General Eliot Spitzer sued insurance giants Marsh &amp; McLennan, American International Group and several others Thursday, alleging policy brokers have been taking payoffs from insurance companies to steer corporate clients their way rather
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HARTFORD, Conn. -- Connecticut Attorney General Richard Blumenthal is expanding his investigation into allegations that insurance bids were rigged by examining whether unlawful practices have affected municipalities in the state.
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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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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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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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Investigators for the New York attorney general have discovered evidence of deceptive and coercive practices at Aon, the world's second-largest broker of insurance.
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A senior vice president at Marsh &  McLennan Cos. MMC.N insurance broker on Thursday pleaded  guilty to criminal charges in connection with New York Attorney  General Eliot Spitzer's ongoing probe into fraud and  bid-rigging in the insurance industry.
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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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Insurance brokers, whose images and share prices have both plunged in a fees scandal, will struggle to make up the hundreds of millions
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A Marsh & McLennan Cos. Inc. insurance  broker, Senior Vice President Robert Stearns, on Thursday  pleaded guilty to criminal charges in connection with an  ongoing probe into fraud and bid-rigging in the insurance  industry, New York Attorney General Eliot Spitzer's office  said.