U.S. Stocks Fall; Health Insurers, American International Drop

[Zorra]

Oct. 19 (Bloomberg) -- U.S. stocks fell as losses tied to New York Attorney General Eliot Spitzer's investigation of the insurance industry widened to include health insurers, such as UnitedHealth Group Inc.
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Spitzer Probe
Spitzer last week sued Marsh & McLennan Cos., the world's biggest insurance broker, accusing Marsh of rigging bids and steering clients' business to property and casualty insurers that paid it the most fees.

MetLife Inc., the second-largest U.S. life insurer, and UnumProvident, the biggest U.S. disability insurer, said they received new subpoenas from Spitzer, raising the possibility that the probe is extending to sales of employee benefits such as life, disability and health insurance. Brad Maione, a spokesman for Spitzer's office, declined to comment.

American International, the world's largest insurer which was cited in Spitzer's lawsuit, lost $1.66 to $58.02.

http://quote.bloomberg.com/apps/news?pid=10000087&sid=apZAlMT.jY9k&refer=top_world_news

More corporate friends of *Bu$h - the abomination that causes desolation* committing financial terrorism and hurting our economy again? What a surprise.

[Kagemusha]

1. They gonna estimate Spitzer-caused GDP drop soon?

Or something like that. This guy has to be making it to corporate enemy #1..

[aquart]

2. Let's not adulate till we see real change.

So far as I'm concerned, Spitzer caves in the clinch.