British Insurers in Turmoil Over Incentive Fees
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The investigation of insurance practices by the New York attorney general, Eliot Spitzer, is causing wide ripples in the British market, the cradle of the industry.
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The leading private bank in Portugal, Millennium BCP, is in boardroom turmoil amid probes of its accounts by crime investigators, the central bank and stock market authorities.
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Credit card company MasterCard drew a rebuke at a closed European Commission antitrust hearing last week after claiming incorrectly that Britain had dropped an investigation into its fees, people who were present said.
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ALBANY, NY -- The man who made Wall Street reform its ways is now charging widespread corruption in the insurance industry. He alleged that brokers have been taking payoffs from insurance companies to steer
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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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Credit card company MasterCard drew a  rebuke at a closed European Commission antitrust hearing last  week after claiming incorrectly that Britain had dropped an  investigation into its fees, people who were present said.
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British insurance group Resolution faced a bidding war on Friday as Pearl Assurance trumped an agreed bid from Standard Life.
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American International Group, one of the world's largest insurers, continues to clash with regulators, but Wall Street seems more puzzled than alarmed.
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It appears competition is starting to heat up in this insurance sector.
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Marsh &amp; McLennan, the US insurance broker accused of rigging the market to win bogus fees from customers, yesterday warned lines of credit from lenders
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Faced with rising costs and a tangle of regulations, more and more British firms are moving their operations abroad, often to China and Eastern Europe.
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By James Daley in London and Katherine Griffiths in New York. The UK regulator for the insurance industry has said it attempted to launch investigations into several of its member firms earlier this year, after
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UK insurers were facing unprecedented scrutiny on Friday night after Eliot Spitzerâs assault on the industry in the US. As shock waves continued to reverberate from the New York attorney-generalâs decision
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MPs and the main City watchdog are at odds over the plight of millions of policyholders &quot;trapped&quot; in closed with-profits funds.
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The proposed rules for auto insurance competition in Massachusetts were met yesterday with skepticism from consumer advocates and caution from at least some insurers.
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Aon Corp. is under more intense pressure to stop taking so-called contingent commissions from insurers after a rival announced Thursday it no longer would accept such payments.
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Corporations are eye-balling their insurance policies and payments more closely these days, in light of alleged broker kick-backs and bid-rigging uncovered by New York&#39;s attorney general.