Calif. insurance commish sues MetLife, Pru, others: report
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California Insurance Commissioner John Garamendi has sued MetLife, Prudential Financial Inc., Cigna Corp., and UnumProvident Corp.
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The U.S. property/casualty insurance industry systematically overcharges policy holders and underpays on claims, said a report from consumer activists on Thursday that an industry group called "absurd."
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California filed a global warming  lawsuit on Wednesday against Ford Motor Co. , General  Motors Corp. , Toyota Motor Corp. (7203.T) and three  other automakers, charging that greenhouse gases from their  vehicles have cost the state millions of dollars.
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Insurance brokers required to provide competing bids to customers seeking the best deal have been taking payoffs from insurance companies to rig the system in widespread corruption in the industry, New York Attorney General Eliot Spitzer charged Thursday.
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NEW YORK, Jan. 2 -- California, joined by 15 other states led by New York, sued the Environmental Protection Agency on Wednesday over its refusal to allow the state to set its own, tougher vehicle-emissions standards to control greenhouse gases and combat global warming.
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Several major insurance companies are named in a class-action lawsuit alleging they conspired with California insurance broker Universal Life Resources to steer business the broker's way in exchange for kickbacks, according to court papers.
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Insurance broker Universal Life Resources (ULR) has agreed to cooperate with California authorities in their investigation of alleged insurance industry misdeeds, an attorney for the state said on Thursday.
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The state of Florida on Wednesday sued troubled U.S. jewelry retailer Friedman's Inc. for "duping" customers into paying for life, property and other insurance while they thought they were insuring their financing of jewelry purchases.
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Top U.S. life insurer MetLife Inc.  said on Friday it had received several subpoenas from New York Attorney General Eliot Spitzer, in a sign that a probe into alleged rigging of bids in exchange for fat fees in the insurance industry is widening.
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New York Attorney General Eliot Spitzer on Friday filed suit against Universal Life Resources (ULR), charging the life and disability insurance broker with taking fraudulent kick-backs for steering business to certain insurers.
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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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Five California counties and two cities sue the software giant under state antitrust laws, for taking advantage of government buyers.
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ALBANY, N.Y. -- A California-based company that brokers life, accident, and disability policies for leading US companies pocketed millions of dollars a year in hidden payments from insurers and from charges on clients' unsuspecting workers, New York Attorney General Eliot Spitzer charged yesterday.
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The state of California is suing six carmakers for damages, accusing them of contributing to global warming.
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SACRAMENTO, CALIF. - California&#39;s top insurance regulator said Wednesday that he will be filing a civil suit shortly in the widening scandal over insurance industry sales practices.
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New York Attorney General Eliot  Spitzer on Friday filed suit against Universal Life Resources  (ULR), charging the life and disability insurance broker with  taking fraudulent kick-backs for steering business to insurers  MetLife, Prudential and UnumProvident.
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New York Attorney General Eliot Spitzer has sued a second US insurer for allegedly rigging the insurance market to fatten its profits.