Spitzer probe may cause insurance change
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The insurance industry could look a lot different than it does today when New York Attorney General Eliot Spitzer is done with his investigation.
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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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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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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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New York Attorney General Eliot Spitzer sued insurance giants Marsh &amp; McLennan, American International Group and several others Thursday, alleging policy brokers have been taking payoffs from insurance companies to steer corporate clients their way rather
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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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New York&#39;s Attorney General Eliot Spitzer told a US Senate subcommittee Tuesday he expects his insurance industry probe to yield additional guilty pleas.
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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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Thursday's actions are the first shots in what Spitzer called an investigation of widespread corruption in the insurance industry.
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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's attorney general.
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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 New York attorney general's  nascent but expanding probe into bid-rigging on Tuesday  threatened to envelop the entire U.S. insurance industry,  unnerving investors unsure how far Eliot Spitzer might go.
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New York Attorney General Eliot Spitzer has broadened his probe into insurance brokerage fees to include life and health insurance company practices.
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Already reeling from Attorney General Eliot Spitzer&#39;s no-holds-barred probe, insurers can now look forward to dozens of additional investigators from their state regulator giving their books a once over.
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New York Attorney General Eliot Spitzer may tell a US Senate subcommittee today that federal oversight of the insurance industry is inevitable after his allegations of price manipulation and kickbacks.
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Spitzer said other insurance companies are being investigated.
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It didn&#39;t take long for New York Attorney General Eliot Spitzer to hit pay dirt. Just one month after he sent subpoenas to insurance companies asking a simple question - Had they participated in any bid-rigging schemes?