Insurers Feel Pressure, Drop Commissions
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In the four days since New York Attorney General Eliot L. Spitzer alleged that brokers and corporate insurance carriers were engaged in bid-rigging and secret payoffs
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Pledging to crack down on &quot;back-room deals&quot; in the insurance industry, California Insurance Commissioner John Garamendi yesterday moved to block agents and brokers from steering clients to
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Health insurers that offer HMO-type Medicare plans in Massachusetts say they&#39;re holding the line or even lowering rates on the plans in 2005.
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A downgrading of several semiconductor companies by a brokerage firm put technology shares under pressure on Thursday.
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Commercial and investment banks could  see their credit ratings cut if the bond insurers which hedge  some of their assets were themselves downgraded, Standard &  Poor's said on Tuesday, as billionaire investor Wilbur Ross  mulled whether to invest $1 billion or more in the sector.
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As the credit markets tighten, some investors fret that the renegotiated deal for Home Depotâs wholesale supply unit may be an omen for other buyouts.
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European insurance stocks fall on the back of subprime bond claim worries.
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Shares of insurers and manufacturers with damaged operations fell while construction firms rose.
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Unpredictable hospital billing can lead to financial anxiety about the prospect of dealing with insurance companies even before a surgery has happened.
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American International Group, one of the world&#39;s largest insurers, continues to clash with regulators, but Wall Street seems more puzzled than alarmed.
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When Nonnie S. Burnes was appointed insurance commissioner in February, the industry group pushing for auto insurance competition in Massachusetts thought all was lost.
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Accounting flaws at the insurance giant that understated the companyâs losses raised new questions about the deteriorating health of financial companies.
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Anticipating a slowdown, investors are wary of paying high stock prices. Firms lower earnings expectations, too.
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Property insurers are increasingly   attractive to investors as the hurricane season passes its   midpoint and forecasters lower expectations about the storms   they think will hit the United States this year.
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Shares of insurance brokerage Marsh &amp; McLennan Cos. continued their slide Monday as analysts said the firmâs suspension of âcontingency commissionâ arrangements would sharply cut earnings.
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Consumers might have felt like bystanders when New York Attorney General Eliot Spitzer fired his opening salvo against the insurance industry last week.
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Insurance salesmen are used to having a reputation for probity and trustworthiness roughly on a par with second-hand car dealers. That&#39;s beginning to look like the good old days, since America&#39;s leading brokers