The courts dealt the insurance industry two huge blows in the past few days, with brokers and top carrier executives convicted in separate trials--one having to do with bid-rigging, the other with cooking the books via a sham finite reinsurance deal. Any way you look at it, the reputation of the business took another beating, and the feds might yet have bigger fish to fry, warns NU Editor In Chief Sam Friedman in his blog today at www.property-casualty.com.
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