New York Attorney General Eliot Spitzer, who is running for state governor in 2006, criticized President Bush's administration on Monday for failing to expose illegal practices in the U.S. insurance industry.
Spitzer, who spoke to the Society of Business Editors and Writers in Seattle, discussed his insurance industry investigation and other ongoing probes, including examinations of the home mortgage industry and executive compensation.
He said that despite 10 insurance industry executives having pled guilty to fraud charges and having paid over a billion dollars in restitution, "not a word has come out of the White House about maybe there being a structural problem in the insurance industry."
"This is an industry that does drive pricing in many sectors," Spitzer told reporters, "Insurance is integral to what we do."
The prosecutor, a Democrat whose investigations have rankled some in the business community, has been actively raising funds for his campaign, which he announced in December. New York Republican Gov. George Pataki has not said whether he will seek re-election to a fourth term.
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