Spitzer Down Under
New York Attorney General Eliot Spitzer sure does get around. Indeed, the shock waves from his probes into bid-rigging and contingency fee abuse on the part of insurance brokers and carriers reverberated all the way to Australia.
This spring, I was asked for permission to reprint one of my columns in a magazine called Insurance & Risk Professional, the official publication of the National Insurance Brokers Association of Australia. The piece (headlined "Is Ignorance Bliss?") called attention to the fact that a titanic industry event–the resignation of Maurice Greenberg as AIG chairman and CEO–hardly caused a ripple among the public because insurance has such a low profile, for better or worse.
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