When a secretive industry meets an ambitious attorney general, what happens next?

Welcome to the Insurance vs History Podcast! In this episode, I discuss Eliot Spitzer’s attempt to reform the insurance industry: specifically, the 2004 investigation into the big three insurance brokers and contingent commissions.  

Sources and Links:

• Inside Eliot Spitzer's Insurance-Industry Probe - Nymag Written in late 2004. A good overview.
• New York Opens Inquiry Into Insurance Brokerage Business - The New York Times (nytimes.com)
• Hat Trick: A 3rd Unit Of Marsh Under Fire - The New York Times (nytimes.com)
• Insurance Broker's Cozy Ties May Prove Hard to Untangle - The New York Times (nytimes.com)
• Beyond Disclosure: The Case for Banning Contingent Commissions 25 Yale Law & Policy Review 2006-2007 (heinonline.org)
• The Small Laws: Eliot Spitzer and the Way to Insurance Market Reform 74 Fordham Law Review 2005-2006 (heinonline.org)

Books:

• com: Rough Justice: The Rise and Fall of Eliot Spitzer (Audible Audio Edition): Peter Elkind, Arthur Morey, Tantor Audio: Audible Books & Originals This is a more general book that covers his entire life up until about 2010 and goes into a lot of detail about the sex scandal. The author did sit down with Spitzer and there is a documentary based on the book as well (Client 9). There is not very much about the insurance investigation but it’s a good overview of his life.
• Spoiling for a Fight: The Rise of Eliot Spitzer: Masters, Brooke A.: 9780805079616: Amazon.com: Books This book was written before he became governor, and is an excellent breakdown of the investigations he launched when he was Attorney General, including the insurance investigation.

Music Credits:

• Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library

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