Eliot Spitzer News

AIG Rejects Ex-CEO Greenberg’s ‘Crisis’ Call for Delay of Annual Meeting

Maurice “Hank” Greenberg, former chief executive of American International Group, has said the insurer is in “crisis” and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board. But AIG …

Agents’ Workload Goes Up as Economy, Compensation Move Down

Soft market, economic downturn, consumer advocacy translate into more work for agencies Insurance Journal‘s Editor-in-Chief Andrea Wells was at the Big “I” Legislative Conference in Washington, D.C., where she caught up with Robert Fulwider, an independent agent from Iowa who …

State-Federal Showdown over Real ID National License Averted

The clash between the states and the federal government over nationwide rules to make driver’s licenses more secure has ended — for now. A truce, of sorts, between the 50 states and the U.S. Department of Homeland Security, has kicked …

New York Governor Reveals Past Marijuana And Cocaine Use

New York’s new governor, who disclosed last week that he and his wife both committed adultery several years ago, said that he used cocaine in his 20s and smoked marijuana when he was younger. In reference to cocaine, Gov. David …

New York Consumer Groups Criticize Medical Malpractice Plan

Consumer and health advocacy groups in New York are criticizing a yet-to-be-made public plan to create a medical malpractice indemnity pool which would cover medical expenses for injured patients. Although no plan to create the pool has been announced, the …

N.Y. Insurance Chief Dinallo Keeps Putting Out Fires

A hard-charging former prosecutor tries to set Wall Street right from his perch as a state official. His activist agenda brings populist praise, but also concerns he might overreach. Eliot Spitzer as New York attorney general in 2002, right? No, …

N.Y. Agents Applaud Insurance Fines Defeat

Significant fine increases for violating New York insurance law — proposed by former Gov. Eliot Spitzer — have been rejected by the Legislature, a move that one New York agents’ group called a major victory for Empire State agents. The …

New Yorkers to Get Flood Notices Every Year

New York lawmakers have decided once is not enough — at least when it comes to telling homeowners that floods will not be covered by a standard homeowners policy. Under legislation signed by former Gov. Eliot Spitzer, Empire State homeowners …

Famed Miss. Trial Attorney Scruggs Pleads Guilty to Trying to Bribe Judge

Star of cases against insurance, tobacco and asbestos industries faces prison, fines and loss of lawyer’s license Mississippi attorney Richard “Dickie” Scruggs used a mix of bare-knuckle tactics and country-lawyer charm to extract billion-dollar settlements from cigarette makers, asbestos companies …

Declarations

Long-Term Vision Needed “The nation needs to develop a new long-term vision for its highway system that would include improving conditions and safety and reducing traffic congestion.” —William M. Wilkins, executive director of TRIP, a national transportation research group. A …