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FBI Targets Insurers in Widening Fraud Probe; Industry Responds

National News • May 5, 2005
The insurance industry, already under scrutiny by state and federal authorities for various practices, now faces another questioner. The Federal Bureau of Investigation has launched a probe of the ...

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Subject: RE: FBI vs. Insurance companies

Posted On: May 5, 2005, 1:19 pm CDT
Posted By: Greed
Comment:
What else are the FBI gonna find?
The industry is already writting off Billions in accounting errors. It will just raise the price of insurance and the public will have to pay for others wrong doings as the employees of the companies do already.
It is A SHAME that the industry is having to endure this SHAME due to coorporate greed! Why arent the CEO's held accountable and the share holders watching the companies...too busy seeing a good return on their investments, well Enron, worldcom.........now insurancecom?
Its not the midline managers faults its not the agents faults its a few at the top that make the rules and cooperate policies and coorperate culture, that make it bad and leave the mess for others to pick up when those that caused it get a golden chute...not fair or ethical! When is this gonna end in what industry?
If there was no need the FBI would not be invloved! If there is nothing there, then no worries. This is not a matter or national security but of that of all of the millions of poilcy holders that the cooperate insurance compaines get paid from.
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