NY Insurance Probe Expands Across US
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New York Attorney General Eliot Spitzer&#39;s probe of bid-rigging in the US insurance industry is quickly becoming national in scope as at least three more states opened similar investigations.
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Spitzer said other insurance companies are being investigated.
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American International Group Inc.  AIG.N, the world's largest insurer by market value, on  Wednesday said the U.S. Department of Justice opened a criminal  probe into one of its units over possible securities law  violations.
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The storm over the U.S. insurance  industry took a new turn Thursday when American International  Group Inc. AIG.N said a federal grand jury is investigating  products it sold that companies might have used to massage  earnings.
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ACE yesterday became the latest insurance company to announce changes in its business practices in response to the industry investigation launched by New York&#39;s attorney general.
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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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An investigation by the New York Attorney General has insurance companies in Canada scurrying to review their commission policies.
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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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At least two more states are investigating charges of bid-rigging in the US insurance industry brought by New York Attorney General Eliot Spitzer last week.
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New York Attorney General Eliot Spitzer announces a six-month investigation into the insurance industry.
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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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The world&#39;s largest insurer by market value is the target of a criminal investigation by the US Justice Department. American International (AIG) is accused of helping a banking client commit fraud and keep
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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 investigation widened as four additional cases  were reported in Pennsylvania and Connecticut as well as two more in New Jersey.
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The creation of a US insurance regulator is gaining support in Congress and among consumer groups after New York Attorney General Eliot Spitzer disclosed his probe of improper sales practices.
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Corporations are eye-balling their insurance policies and payments more closely these days, in light of alleged broker kick-backs and bid-rigging uncovered by New York&#39;s attorney general.
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The investigation widened as four additional cases were reported in Pennsylvania and Connecticut as well as two more in New Jersey.