MetLife Pays $19 Million to Settle Spitzer Investigation
National News • January 2, 2007
MetLife Inc., the largest group life insurer in the nation, will pay $19 million and change some of its business practices to end an investigation of payments made to brokers to steer clients its ...
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Subject: Elliot Spitzer
Posted On: January 2, 2007, 1:20 pm CST
Posted By: Tom
Comment:
It's amazing Elliot Spitzer is allowed to get away with extortion, much like Jesse Jackson has.
Should the STate of New York end Mr. Spitzers contingency fee, the retirement plan he expects to receive for serving as Attorney General and now Governor? The fees he receives after leaving public service should be looked at, since he is steering his career living off the public dole.
In all seriousness, it is amazing Spitzer never went after the Allstate, State Farm and Nationwide agents for "Steering" of business as captive agents. He grand-standed and went after the Independent Agents, knowing the insurance companies would cave after the New York Marsh debacle. The majority of us agents never ever think about or did "steering", "bid rigging" or "price fixing". Yet we now must pay the price because an ambitious overzealous beaucrat needed to make a name for himself.
Subject: Elliot Spitzer
Should the STate of New York end Mr. Spitzers contingency fee, the retirement plan he expects to receive for serving as Attorney General and now Governor? The fees he receives after leaving public service should be looked at, since he is steering his career living off the public dole.
In all seriousness, it is amazing Spitzer never went after the Allstate, State Farm and Nationwide agents for "Steering" of business as captive agents. He grand-standed and went after the Independent Agents, knowing the insurance companies would cave after the New York Marsh debacle. The majority of us agents never ever think about or did "steering", "bid rigging" or "price fixing". Yet we now must pay the price because an ambitious overzealous beaucrat needed to make a name for himself.