NY AG to file bid-rigging suit against Universal Life Chris Buell at 12:49 PM ET
[JURIST] NY Attorney General Eliot Spitzer is expected to file suit Friday or Monday against health insurance consulting firm Universal Life Resources, stemming from a seven-month investigation into bid-rigging in the insurance industry. United Policy Holders, a consumer insurance group, has already filed suit against Universal, alleging that the company accepted payments from insurers to send customers. Spitzer accused Marsh & McLennan, the world's largest insurance consultant, of similar charges last month. JURIST's Paper Chase has ongoing coverage of Spitzer. Reuters has more.
1:30 PM ET - Spitzer's office has filed the suit against Universal. Read the complaint [PDF] and a press release from the AG's office. The Financial Times has more.
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