Eliot Spitzer News

Editor’s Note: Bonus round

Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. Four companies — ACE, AIG, St. Paul …

Editor’s Note: Bonus round

Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …

Editor’s Note: Bonus round

Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …

Insurance exec: China offers lessons in globalization for U.S. and world

I am not going to talk about regulation, not yet. I will soon but it will not be today — real soon. I cannot wait.” Thus Maurice “Hank” Greenberg — target of Eliot Spitzer, prosecutors, competitors and rumor mills — …

Panel Criticizes Spitzer’s Case Over Greenberg’s Handling of Charity

One of Eliot Spitzer’s more contentious cases from his years as attorney general was criticized this week by a panel of retired judges who discounted his claims that insurance executive Maurice R. “Hank” Greenberg cost his mentor’s charity $6 billion. …

N.Y. Workers’ Comp Reform Sails Through Senate, Assembly

The New York State Senate and Assembly on Tuesday passed legislation its bipartisan backers hope will significantly reform the state’s workers’ compensation system and save employers as much as $1 billion. The bill aims to reduce employer costs, which are …

U.S. Needs Terrorism Insurance to Compete Globally, Says N.Y.’s Dinallo

A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …

Former Spitzer Unit Chief Peters to Head N.Y. Liquidation Bureau

Acting New York State Insurance Superintendent Eric Dinallo announced the appointment of Mark Peters as special deputy superintendent in charge of the New York Liquidation Bureau (NYLB). Peters, the former chief of the Public Integrity Unit in Attorney General Eliot …

N.Y. Gov. Spitzer Announces Workers’ Comp Reform Accord

New York Governor Eliot Spitzer and legislative leaders announced an agreement to reform the state’s workers’ compensation system that has the backing of business and labor. Under the agreement, benefits for injured workers will be increased for the first time …

Former N.Y. Supt. Mills: State Regulation Has Holes to be Filled

Looking back on his two-year tenure, former New York Superintendent of Insurance Howard Mills says state regulation could stand some improvement. According to the former Empire State insurance chief, the state regulatory scheme has certain strengths in the areas of …