Three Insurer Execs Plead Guilty In Fee Probe Two from AIG, one from ACE put on leave; AG Spitzer expects cooperation

Three executives who pled guilty to charges resulting from New York Attorney General Eliot Spitzers insurance brokerage kickback probe remain on the payrolls of their respective companies, the heads of the two carriers involved confirmed last week.

Two of the executivesKaren Radke, vice president of excess casualty, and National Accounts Manager Jean-Baptist Tateossian, both with the AIG subsidiary American Home Insurance Company in New Yorkhave each pled guilty to one count of scheming to defraud in the first degree.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.