MetLife, Prudential Financial, Cigna Corp. and UnumProvident Corp. paid a broker tens of millions of dollars in hidden kickbacks in exchange for contracts with some of the largest U.S. companies, California Insurance Commissioner John Garamendi charges in a suit filed in San Diego Superior Court. Garamendi said the suit is an early step in a wide-ranging investigation of the insurance industry and regulators across the country -- the opening of a "very long and very sordid story."
November 19, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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