Insurance giants
Spitzer, who has been relentless in his pursuit of wrongdoing at Wall Street investment banks and big mutual found houses, is investigating whether the fees insurers pay brokers to sell their products pose a conflict of interest. Both companies said they are cooperating fully.
In April, the three largest insurance brokers,
Connecticut AG Richard Blumenthal has also launched an investigation into the fees insurers pay to brokers. Neither Spitzers or Blumenthals office could be reached for comment due to the observance of the death of former U.S. President Ronald Reagan.
