Spitzer's Suit Opens Insurance Can of Worms
The Record, Bergen County, NJ › October 19, 2004
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Summary
Here we go again: another corporate conflict-of-interest scandal that, if it's as big as prosecutors say, is costing all of us.
This time, New York Attorney General Eliot Spitzer is prying open the insurance industry, just as he did with successful investigations of Wall Street analysts and mutual fund companies.See the full content of this document
Extract
Spitzer's Suit Opens Insurance Can of Worms
Last week, he sued the country's biggest insurance-brokerage firm, Marsh & McLennan Cos., for alleged bid-rigging and kickbacks. The company said it takes the allegations "very seriously" and is cooperating with investigators.
"The insurance...See the full content of this document
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