Spitzer Sues Insurance Broker Universal Life
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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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A former chief operating officer at a Marsh & McLennan Cos. Inc. unit has sued the world's largest insurance broker by market value, alleging he was not properly compensated after being fired in the aftermath of a 2004 bid-rigging scandal.
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The nation's largest insurance brokerage will pay $850 million in restitution to end New York Attorney General Eliot Spitzer's investigation into bid rigging and price fixing in a settlement the company hopes will end other states' probes and private lawsuits.
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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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Marsh &amp; McLennan Cos., Aon Corp. and Willis Group Holdings Ltd., insurance brokers whose business practices are the focus of a probe by New York Attorney General Eliot Spitzer, have
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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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JB Oxford Holdings Inc., a Beverly Hills-based discount brokerage firm, was sued by the Securities and Exchange Commission for allegedly allowing thousands of improper trades in more than 600 mutual funds.
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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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NEW YORK - New York Attorney General Eliot Spitzer, who is probing bid-rigging in the insurance industry, expects to file suit against health insurance consultant Universal Life Resources as early as Friday, a spokesman for his office said.
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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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New York Attorney General Eliot Spitzer on Thursday filed a civil action against Marsh &amp; McLennan, saying generally the overall industry was involved in bid rigging and steering the clients to other companies in return for illegal payments.
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The largest insurance brokerage company in the U.S. was accused of taking payoffs from insurance companies to send them clients.
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New York Gov. Eliot Spitzer on Monday  threatened to sue the federal government on charges that new  regulations on children&#39;s health insurance violate an existing  program that covers children from lower-income families.
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State Attorney General Eliot Spitzer sued the world&#39;s largest insurance broker and lodged criminal charges against two insurance executives, accusing the brokerage of taking improper payments to steer business to certain companies.
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Raymond James Financial Inc., a brokerage with 2,200 offices that&#39;s based in St. Petersburg, Fla., and the company&#39;s former president were sued by the Securities and Exchange
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NEW YORK, October 25  - Aon Corporation (AOC.NYS), the world&#39;s second largest insurance brokerage firm, is likely to face a possible civil lawsuit in connection with the ongoing investigation into the insurance industryâs sales