Insurance probe widens
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California Insurance Commissioner John Garamendi on Wednesday proposed broad regulations that would require brokers and some agents to disclose all compensation they receive from insurance companies and to recommend to their clients the best available
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The Illinois attorney general has subpoenaed documents from Countrywide Financial, broadening an investigation into lending practices that has already led to a lawsuit against one mortgage broker.
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New York Attorney General Eliot Spitzer on Friday widened his investigation of the insurance business, this time suing a broker that allegedly took kickbacks from big life insurers.
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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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December 23, 2004 -- Marsh &amp; McLennan Cos., the world&#39;s largest insurance broker, said the Securities and Exchange Commission is investigating the stakes that directors, officers, and shareholders have in the company&#39;s buyout funds.
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California&#39;s top insurance regulator said Wednesday he will file a civil suit shortly in the widening scandal over insurance industry sales practices.
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Connecticut Attorney General Richard Blumenthal said on Friday he was expanding his probe into Allstate Corp. , a day after the insurer said it would stop writing new homeowners' policies in his state.
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When New York Attorney General Eliot Spitzer accused insurance broker Marsh &amp; McLennan Cos. last month of taking kickbacks from insurers, resulting in higher premiums for clients, he raised questions for the
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(Boston-AP, Oct. 22, 2004 6:07 PM) _ Massachusetts Attorney General Thomas Reilly and top insurance regulators are both investigating fee arrangements between insurers and brokers.
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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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NEW YORK An investigation into the insurance business is expanding as Eliot Spitzer, the New York State attorney general, increasingly turns his attention to whether US corporations and their employees are paying more for life, disability and accident
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ACE Ltd. on Thursday became the latest insurance company to announce changes in its business practices in response to the industry probe launched by New York&#39;s attorney general.
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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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New York State&#39;s attorney general is investigating whether major insurance companies are paying kickbacks to agents and brokers, USA Today reported Monday.
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At least two more states are investigating charges of bid-rigging in the US insurance industry brought by New York Attorney General Eliot Spitzer last week.
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NEW YORK -- American International Group Inc., one of the world&#39;s largest insurance companies, is the target of a probe by the Department of Justice into possible securities violations.
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Some of the insurance brokers and carriers under investigation in New York Attorney General Eliot L. Spitzer&#39;s probe of steering and bid-rigging are major players in the Washington area insurance market.