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NY AG to file bid-rigging suit against Universal Life

[JURIST] NY Attorney General Eliot Spitzer is expected to file suit Friday or Monday against health insurance consulting firm Universal Life Resources, stemming from a seven-month investigation into bid-rigging in the insurance industry. United Policy Holders, a consumer insurance group, has already filed suit against Universal, alleging that the company accepted payments from insurers to send customers. Spitzer accused Marsh & McLennan, the world's largest insurance consultant, of similar charges last month. JURIST's Paper Chase has ongoing coverage of Spitzer. Reuters has more.

1:30 PM ET - Spitzer's office has filed the suit against Universal. Read the complaint [PDF] and a press release from the AG's office. The Financial Times has more.

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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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