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