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01:29 Oct 23, 2004
English to Chinese translations [PRO] Tech/Engineering - Computers (general)
English term or phrase:insurance commissioner
And Mr Spitzer is not the industry's only legal threat. On October 19th and 20th Connecticut's attorney-general sent out dozens of subpoenas to insurers operating in the state in the health, auto and employee-benefit sectors. In May he began investigating claims of widespread price-rigging and kick-backs. California began its own investigation of insurers and insurance brokers this spring. John Garamendi, the state's insurance commissioner, says he will soon bring civil charges against a number of companies, as well as introducing new rules to improve disclosure. Meanwhile, a barrage of private lawsuits has been filed in New York's federal district court, most of them against Marsh for misleading investors.