Insurance Leader Advocates Industry Responsibility
Tom Wilson, the chief executive of Allstate Insurance, called for a federal insurance regulator to oversee the regulation of national insurance companies. In an opinion piece, in the New York Times, Wilson owns up to the part that insurance companies have played in the collapse of the financial markets,...
Spitzer Says Watch AIG’s Bailouts Not Bonuses
New York State’s ex-Governor Eliot Spitzer, who recently was given the nicknamed “Client Number Nine” by the media, spoke out last week on CNN’s Fareed Zakaria Global Public Square (GPS) show, regarding the AIG scandal. Before Spitzer became governor of the empire state and then...
AIG’s 6 Year History of Alleged Fraud
Investigations by the New York Attorney General’s office, the Federal Bureau of Investigation, the Securities and Exchange Commission, and the British Serious Fraud Office has disclosed that AIG was guilty of much more serious actions, over the last six years, than the bonus disbursements, and...