Eliot Spitzer News

Post Spitzer, Merger Activity Picking Up, Says Mystic Capital

Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue of Mystic Capital Advisors Group, who …

$80 million settlement reached in bid-rigging case with Ill., Conn., N.Y.

Attorney General Lisa Madigan, of Illinois, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal recently announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. The charges against the …

ACE settles bid-rigging case for $80 million

Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. The charges against the insurance giant were …

$80 million settlement reached in bid-rigging case with Ill., Conn., N.Y.

Attorney General Lisa Madigan, of Illinois, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal recently announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. The charges against the …

News Currents

ACE settles bid-rigging case for $80 million Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. …

Liberty Mutual Opts to Fight, Not Settle, Charges Over Contingent Commissions, Account Steering

Unlike American International Group, Zurich, ACE and other insurers that have settled similar charges, Liberty Mutual Insurance Group has decided to fight allegations of anti-competitive practices that have been brought against it by the attorneys general of New York and …

$80 Million Settlement Reached in Bid-rigging Case with Ill., Conn., N.Y.

Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal today announced an $80 million settlement agreement with Bermuda-based holding company ACE, Limited, and its U.S.-based insurance subsidiaries. The charges against the insurance giant …

Spitzer Sues Major ‘Spyware’ Internet Company Over Pop-Up Ads

New York Attorney General Eliot Spitzer on Tuesday accused a major Internet pop-up advertising company of secretly installing spyware and sending ads through spyware already installed on personal computers. Spitzer sought a court order in state Supreme Court to stop …

Supreme Court Blocks ‘Wasteful’ Class Actions by Stockholders

The Supreme Court has made it more difficult for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision handed down on March 21 blocks state class-action lawsuits by stockholders who contend they were tricked into …

Spitzer brought bad practices to light; a good thing, panelists say

That the investigation of New York Attorney General Eliot Spitzer into compensation practices of the nation’s insurance brokers and carriers brought to light the unethical behavior of some bad industry apples was a good thing, according to a panel of …