California Regulator Is Suing Four Insurers and a Broker It Says Received Kickbacks

Article Abstract:

Insurance broker Universal Life Resources has agreed to cooperate with the California insurance commission in their case against insurance companies MetLife, Prudential Financial, Cigna Corporation and UnumProvident. The case involves illegal and unethical practices such as kickbacks and bid-rigging.

California, Letting of contracts, Competitive bidding, Insurance brokers, Garamendi, John

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Court Papers Detail Bonuses at A.I.G

Article Abstract:

The Teachers' Retirement System of Louisiana is suing insurance giant American International Group for breach of fiduciary duties. As the case progresses, questions are arising over Starr International, a private offshore company that provided bonuses for A.I.G. executives.

United States, Personnel administration, Capital funds & cash flow, Management Compensation, Investigations, Compensation and benefits, Accounting and auditing, Achievements and awards, American International Group Inc., Executives, Executive compensation, Fiduciary duties, AIG, Breach of trust

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