SEC, Spitzer Subpoena Insurer AIG
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American International Group Inc.  AIG.N on Monday said it received new subpoenas from New York  Attorney General Eliot Spitzer and the U.S. Securities and  Exchange Commission related to insurance products that might  help companies smooth earnings or hide losses.
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Independent directors of Marsh & McLennan Cos. approached New York state Attorney General Eliot L. Spitzer this week about settling the corruption charges Spitzer has brought against the giant insurance broker and financial services firm, according to sources close to the investigation.
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Insurance company CEO says no one at top knew of fraudulent activity being investigated by Spitzer. NEW YORK  - American International Group Inc.
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New York Attorney General Eliot  Spitzer is launching a suit against several prominent  participants in the insurance industry, including AIG and  broker Marsh & McLennan Cos. MMC.N, charging they engaged in  market manipulation, Spitzer's office said.
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NU Online News Service, Dec. 7, 9:53 am EDTâTwo insurance carriers have announced that New York Attorney General Eliot Spitzer has subpoenaed them for information about professional liability insurance for law firms.
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NEW YORK - The fallout from New York State Attorney General Eliot Spitzer&#39;s probe into the insurance industry continued. Jeffrey Greenberg, the head of Marsh &amp; McLennan, was replaced as chairman and chief
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Wall Street was set to start softer on  Thursday with the insurance sector in the spotlight again after  American International Group AIG.N said it was being probed  by a federal grand jury.
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A federal grand jury is investigating  products American International Group Inc. sold that companies  might have used to make their earnings look better, AIG, the  world's largest insurer by market value, said on Thursday.
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Eliot Spitzer received an anonymous letter last March that made for intriguing reading. The message suggested that the New York attorney general poke around Marsh &amp; McLennan, the US&#39;s largest insurance broker
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American International Group Inc., the  world's largest insurer by market value, said on Thursday it  was the target of a federal grand jury investigation into  products that prosecutors say were concocted to help companies  manage their earnings.
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Shares of Vivendi and EMI fell on reports that state Attorney General Eliot Spitzer has subpoenaed firms for information related to promotersâ payments to radio stations.
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Aon Corp.  and Willis Group Holdings  have received several subpoenas from regulators related to a sweeping investigation of bid-rigging, the insurance brokers said on Tuesday.
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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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Profits rise at No. 1 insurer but miss forecasts; sees no big financial effect from Spitzer probe. NEW YORK  - American International Group said Thursday its third-quarter earnings rose despite losses
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In the four days since New York Attorney General Eliot L. Spitzer alleged that brokers and corporate insurance carriers were engaged in bid-rigging and secret payoffs
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U.S. stocks slid on Thursday after New  York Attorney General Eliot Spitzer accused insurance broker  Marsh & McLennan Cos. MMC.N of fraud, and the fallout hit  insurers, including American International Group AIG.N.
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New York Attorney General has subpoened major players in the Washington area insurance market as part of an investigation into steering and bid-rigging.