Spitzer&#39;s insurance fight gains steam
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At least two more states are planning to join New York Attorney General Eliot Spitzer in suing the insurance industry over allegations of bid-rigging and collusion.
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Eliot Spitzer, the New York State attorney general, has recently taken on a procession of corporate powers from mutual funds to insurance brokers.
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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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New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage yesterday, 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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New York Attorney General Eliot Spitzer on Thursday sued Marsh &amp; McLennan Cos., the world&#39;s No. 1 insurance broker, for steering unsuspecting clients to certain insurers in exchange for
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JUST when the financial-services industry thought it had made peace with New Yorkâs attorney-general, Eliot Spitzer showed that his battle with the investment banks had whetted rather than sated his appetite for combat.
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State and federal regulators need to widen their probe of the US insurance industry to protect consumers and the economy, New York Attorney General Eliot Spitzer told a congressional panel yesterday.
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Eliot Spitzer&#39;s attack on the US insurance industry is expected to intensify pressure for the resignation of the head of Marsh &amp; McLellan, the company at the centre of the allegations.
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NEW YORK : New York Attorney General Eliot Spitzer sued Thursday a major US insurance brokerage firm, Marsh and McLennan Co, for steering clients to insurers with whom it had lucrative payoff agreements.
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An investigation into the insurance business is expanding, investigators said yesterday, as Eliot Spitzer, the New York attorney general, increasingly turns his attention to whether American
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Attorney General Eliot Spitzer&#39;s blockbuster insurance industry probe, which has rocked Wall Street with charges of conflicts of interest, is likely to focus next on health insurance.
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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.
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Marsh &amp; McLennan Cos. , the world's largest insurance broker, may settle New York Attorney General Eliot Spitzer's claims of rigged bids and kickbacks within a month, chief executive Michael Cherkasky said.
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New York Attorney General Eliot Spitzer yesterday sued Putnam Investments parent Marsh &amp; McLennan Cos. , alleging the nation's largest insurance brokerage received payoffs from insurers for steering clients to them instead of finding the best prices for its customers.
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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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Top U.S. life insurer MetLife Inc.  MET.N 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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Old friends Eliot Spitzer and Michael Cherkasky found themselves on opposite sides of a case that rattled the insurance industry.