US insurance investigation widens
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Investigators probing US insurance firms are alleged to have found evidence of improper practices at Aon, the world&#39;s second largest broker.
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The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and insurance companies.
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Marsh &amp; McLennan Companies, the world&#39;s largest insurance broker, said yesterday that the Securities and Exchange Commission had begun a formal investigation into investments by its executives
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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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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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Congress should dig deeper into the burgeoning scandal within the insurance industry, a top investigator said Tuesday, claiming lawmakers will find a "Pandora's box" of unethical conduct.
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The company said that federal regulators have intensified their inquiry into the company&#39;s business practices from an informal to a formal investigation, raising the possibility of embarrassing and expensive penalties down the line.
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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 plunge in US insurance stocks widened to include companies such as Aetna Inc. and Humana Inc. on concern New York Attorney General Eliot Spitzer&#39;s probe of the industry will drag down profits.
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The New York attorney general's investigation into abuses in the insurance industry escalated with a lawsuit accusing a California broker of fraudulent practices.
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The FBI has expanded an investigation into allegations of contract irregularities by Halliburton Co. subsidiary Kellogg Brown &amp; Root Inc.
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The US Justice Department has opened a criminal probe into whether American International Group Inc. , the world's largest insurer by market value, helped a major banking client move bad loans off its books, AIG said yesterday.
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ACE Ltd. yesterday became the latest insurance company to unveil changes in its business practices in response to the industry probe launched by New York&#39;s attorney general.
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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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New York Attorney General Eliot  Spitzer's probe of bid-rigging in the U.S. insurance industry  is quickly becoming national in scope as at least three more  states opened similar investigations.
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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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Liberty Mutual Group has been subpoenaed by New York Attorney General Eliot Spitzer, the first local insurer to be caught up in the prosecutor's fast-widening probe into the insurance industry's sales practices.