Eliot Spitzer News

National Newsbriefs

N.Y. AG Indicts Former Marsh Execs: New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their roles in a bid-rigging scheme that officials maintain …

Ethical Business Practices Essential to Success in Today’s Marketplace

Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do–it is critical to success in an increasingly complex and dynamic marketplace. When I look at where we are these days–investigations …

Gubernatorial Hopefuls in New York: Spitzer vs. Weld

New York voters face the prospect of a race for governor next year between Democrat Eliot Spitzer, the state’s anti-corruption crusader and high-profile attorney general, and Republican William Weld, an energetic and enigmatic native New Yorker who served as governor …

News Briefs

MASSACHUSETTS AG Might Sue Marsh: Marsh & McLennan Cos., the insurance broker that paid $850 million to settle New York Attorney General Eliot Spitzer’s accusations of bid-rigging, may face a similar suit from Massachusetts Attorney General Tom Reilly. Reilly intends …

Distinguishing between Main Street and Wall Street

Agent Compensation Disclosure: Illinois’ Department of Insurance is continuing to investigate the commission practices of its independent agents, and the rest of the country is keeping an eye on what’s happening there. Last October’s action by New York Attorney General …

Illinios Insurance Director Assures Agents Commissions are Safe

Illinois Division of Insurance Director Michael McRaith assured an audience of independent agents that in spite of the Division’s ongoing investigation of agent commission practices, he was committed to working toward a compromise between producers and consumers on the issue …

Gubernatorial Hopefuls in New York: Spitzer vs. Weld

Part 1: Weld’s Insurance Record New York voters face the prospect of a race for governor next year between Democrat Eliot Spitzer, the state’s anti-corruption crusader and high-profile attorney general, and Republican William Weld, an energetic and enigmatic native New …

Ethical Business Practices Essential to Success in Today’s Marketplace

Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do-it is critical to success in an increasingly complex and dynamic marketplace. When I look at where we are these days-investigations …

AG MIGHT SUE MARSH:

Marsh & McLennan Cos., the insurance broker that paid $850 million to settle New York Attorney General Eliot Spitzer’s accusations of bid-rigging, may face a similar suit from Massachusetts Attorney General Tom Reilly. Reilly intends to sue Marsh, alleging the …

Mich. Joins NAIC Settlement with Marsh

Michigan joined with over 30 state insurance regulators, working collaboratively through the National Association of Insurance Commissioners (NAIC), and announced a multi-state regulatory settlement with the nation’s largest insurance broker, Marsh & McLennan Cos. Inc. (Marsh). The settlement agreement is …