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- An apology would be nice, as a starting point.(The Producer Beat)
- THERE ARE CULTURAL PRACTICES that separate Japanese and Americans, but none so illuminating as the differences between the two when it comes to taking responsibility for one's actions. Recently, the government of Japan was ordered by the country's THERE ARE CULTURAL PRACTICES that...
- Research articles 2004-11-15
- Senate eyes brokerage fees.(Nov. 16 Hearing)
- INSURANCE BROKERS WILL be forced to defend their compensation practices at a U.S. Senate hearing on Nov. 16 examining bid-rigging investigations led by New York Attorney General Eliot Spitzer. The hearing was scheduled by a Governmental Affairs Sub INSURANCE BROKERS WILL be forced to...
- Research articles 2004-11-08
- 2005's risk management newsmakers.(Spotlight: Year in Review--Risk Management)
- While many may see the probe by Connecticut Attorney General Richard Blumenthal into insurance industry abuses as a me-too move following the 2004 investigations by New York Attorney General Eliot Spitzer, few will disagree that Mr. Blumenthal held h While many may see the probe by...
- Research articles 2006-01-02
- Newsmakers command year's headlines.(Spotlight: Year in Review - Risk Management)
- From his State of the Union address to the farthest stretches of the campaign trail, President George W. Bush made his commitment to tort reform quite clear. That was particularly true in regard to medical malpractice liability reform, which the p From his...
- Research articles 2005-01-03
- Spitzer probe draws Feds' attention: Congress asks CIAB for info on insurance brokerage industry operations.(D.C. Responds)(Council of Insurance Agents)
- CONGRESS MAY BE PREOCCUPIED with Election Day politics, but those on Capitol Hill considering federal regulation of insurance were not too busy campaigning to notice New York Attorney General Eliot Spitzer's explosive charges of insurance brokerage p CONGRESS MAY BE PREOCCUPIED with Election Day politics, but...
- Research articles 2004-10-25
- Future of finite cover remains in balance amid investigations.(World)
- Byline: REGIS COCCIA HAMILTON, Bermuda-The future of finite reinsurance contracts may depend on whether insurance industry companies can communicate the products' usefulness to regulators, a panel of legal experts suggested. Four attorneys part Byline: REGIS COCCIA HAMILTON,...
- Research articles 2005-11-07
- Money managers down $5 billion: Big losses for insurance shareholders; Marsh & McLennan, AIG and Aon still look good to value managers despite it all.(News)
- Byline: Vince Calio Money managers have lost at least $5 billion in their stock portfolios since three insurers landed in Eliot Spitzer's hot seat. Despite the losses, some value managers are bullish on insurance stocks. Mr. Spitzer, New York...
- Research articles 2004-11-01
- Feds likely to keep the heat on industry: lame duck senate hearing may be opening salvo in a larger D.C. oversight role.(Mr. Spitzer Goes To Washington)
- A U.S. SENATE HEARING last week on the brokerage fee and bid-rigging scandal during a lame duck Congress is unlikely to be the last federal word on the growing investigation into insurance industry practices, industry lobbyists say. Indeed, during A U.S. SENATE HEARING...
- Research articles 2004-11-22
- 2006 Timeline.(insurance industry)(Industry overview)
- JANUARY Risk managers report mixed market conditions as 2006 begins. While rates for many liability lines drop, the hurricane-battered commercial property market hardens significantly as buyers face double-digit increases. Top insurance and rei JANUARY Risk managers report...
- Research articles 2007-01-01
- Stock Report: Earnings surprise boosts Aon shares.(Markets)(Brief Article)
- Byline: Steve Daniels Stronger-than-expected earnings for the fourth quarter lifted Aon Corp.'s shares 12% to $25.24 last week. The Chicago commercial insurance brokerage reported net income from continuing operations of $192 million, or 57 cent Byline: Steve Daniels ...
- Research articles 2005-02-14
- News highlights duty owed by insurers...(civil suit against American International Group Inc. )(Editorial)
- now that the other shoe has dropped on American International Group Inc., insurance buyers and investors can breathe a sigh of relief. New York Attorney General Eliot Spitzer and Superintendent of Insurance Howard Mills' recent civil suit charging now that the other shoe...
- Research articles 2005-06-06
- Despite scandal, buyers rate Marsh no. 1: risk managers see no boost in broker fees despite loss of contingency revenue.(NO HARD FELLINGS?)
- DESPITE INVESTIGATIONS BY NEW York Attorney General Eliot Spitzer that led to charges of bid-rigging and fee abuse by Marsh, the brokerage is still rated as the best of its kind overall by risk managers at jumbo firms, a survey by a leading analyst f DESPITE...
- Research articles 2005-06-13
- Producer groups defend contingency fees: Marsh seeks millions in fees from carriers to use in potential lawsuit settlement.(The news: top stories of the week)
- WHILE CONDEMNING ANY illegal of unethical activities of "a few bad actors," leaders of the two top national producer associations are speaking out in defense of the contingency fee sys tem as a way to compensate insurance agents and brokers WHILE CONDEMNING ANY illegal of unethical...
- Research articles 2004-11-08
- Spitzer fallout: Brokers optional? Insurance probe could hasten shift to direct selling, hurt Aon, others.(News)(Eliot Spitzer)(Aon Corp.)
- Byline: STEVE DANIELS With New York Attorney General Eliot Spitzer's investigation questioning the honesty and fundamental business practices of the insurance brokerage industry, including Chicago-based Aon Corp., a simple question arises: Do cons Byline: STEVE DANIELS With New York Attorney...
- Research articles 2004-11-08
- Marsh-Spitzer settlement struck, but MMC woes not over yet.(Top Stories Of The Week)(Marsh and McLennan Companies Inc., Eliot Spitzer )
- THERE SEEMED TO BE A sigh of relief in some circles after Marsh & McLennan Companies Inc. signed an agreement ending New York's efforts to penalize the company for alleged bid-rigging and contingency fee abuse, but its troubles are far from over, THERE SEEMED TO BE...
- Research articles 2005-02-07
- Contingent Commissions: Will Insurance Brokers Return to Past Practice?
- If all politics is local, then in the United States, the insurance business is too. That's why a decision by the Illinois Department of Insurance has ramifications beyond the Land of Lincoln. It could boost the earnings of the world's two biggest insurance brokers: Marsh & McLennan Cos. and Aon...
- Blog posts 2009-08-03
- Free Hank! Former AIG Boss Greenberg Wants Spitzer's Charges Dropped
- Let's set the record straight. Former American International Group CEO Hank Greenberg isn't languishing behind bars, living on bread and water and rooming with Bernie Madoff. Rather, he's surrounded by expensive Chinese art work in his plush New York City office at Starr International, a company he controls. ...
- Blog posts 2009-09-24
Additional Resources
- UnumProvident, Spitzer, California reach settlement on compensation practices; Insurer agrees to fully disclose how it pays brokers.(Eliot Spitzer )
- Byline: JOANNE WOJCIK CHATTANOOGA, Tenn.-UnumProvident Corp. has reached settlements with New York Attorney General Eliot Spitzer and California Insurance Commissioner John Garamendi that will change the ways the disability insurer compensates bro Byline: JOANNE WOJCIK CHATTANOOGA, Tenn.-UnumProvident Corp. has reached...
- Research articles 2006-11-06
- AIG gets subpoenas from Spitzer and SEC
- NEW YORK -- Insurance giant American International Group Inc. said Monday it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission related to nontraditional insurance products and "certain assumed reinsurance transactions." The company said it will cooperate with the probe. ...
- Research articles 2005-02-15
- Sweep Yields Auto-Insurance Fraud Cases across Upstate New York.
- By Kenneth Aaron, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News Jan. 27--A three-month dragnet to catch people suspected of auto-insurance fraud nabbed 25 upstate residents, two high-ranking state officials said Monday. The crackdown ultimately could cut New Yorkers'...
- Research articles 2004-01-27
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