Personal finance: Apparent insurance scandal costs us all - billingsgazette.com
Personal finance: Apparent insurance scandal costs us all - billingsgazette.com
Personal finance: Apparent insurance scandal costs us all
Jeff Brown
PERSONAL FINANCE
Here we go again: another corporate conflict-of-interest scandal that, if it's as big as prosecutors say, is costing all of us.
This time, New York Attorney General Eliot Spitzer is prying open the insurance industry, just as he did with successful investigations of Wall Street analysts and mutual fund companies.
Last Thursday, he sued the country's biggest insurance-brokerage firm, Marsh & McLennan Cos., for alleged bid-rigging and kickbacks.
"The insurance industry needs to take a long, hard look at itself," Spitzer said in a statement Thursday. "If the practices identified in our suit are as widespread as they appear to be, then the industry's fundamental business model needs major corrective action and reform."
Vending Machines
Project Management Training
Personal finance: Apparent insurance scandal costs us all
Jeff Brown
PERSONAL FINANCE
Here we go again: another corporate conflict-of-interest scandal that, if it's as big as prosecutors say, is costing all of us.
This time, New York Attorney General Eliot Spitzer is prying open the insurance industry, just as he did with successful investigations of Wall Street analysts and mutual fund companies.
Last Thursday, he sued the country's biggest insurance-brokerage firm, Marsh & McLennan Cos., for alleged bid-rigging and kickbacks.
"The insurance industry needs to take a long, hard look at itself," Spitzer said in a statement Thursday. "If the practices identified in our suit are as widespread as they appear to be, then the industry's fundamental business model needs major corrective action and reform."
Vending Machines
Project Management Training
0 Comments:
Post a Comment
<< Home