Spitzer: Marsh may face more than $500 million penalty
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NEW YORK New York Attorney General Eliot Spitzer says the price for settling state charges of collusion and bid rigging by the nation&#39;s largest insurance broker could be &quot;far higher&quot; than 500 (m) million dollars.
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Marsh &amp; McLennan CEO Jeff Greenberg may soon be on his way out the door as head of the world&#39;s biggest - and most troubled - insurance broker.
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The $850 million settlement Marsh &amp; McLennan Cos. reached with New York Attorney General Eliot Spitzer yesterday will have a small but positive effect on its mutual-fund subsidiary, Putnam Investments, but is unlikely to resolve whether the Boston firm should split from its corporate parent, analysts said yesterday.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , which has been at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000
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Marsh &amp; McLennan, the US insurance broker accused of rigging the market to win bogus fees from customers, yesterday warned lines of credit from lenders
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Marsh & McLennan Cos. MMC.N, the  world's largest insurance broker, said on Tuesday it would  reform its business practices and stop accepting fees at the  center of an investigation by New York Attorney General Eliot  Spitzer into bid rigging.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and
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A senior vice president at Marsh &  McLennan Cos. MMC.N insurance broker on Thursday pleaded  guilty to criminal charges in connection with New York Attorney  General Eliot Spitzer's ongoing probe into fraud and  bid-rigging in the insurance industry.
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New York Attorney General Eliot Spitzer filed a civil suit on October 14 against the worldâs largest insurance broker, Marsh &amp; McLennan, charging the US firm with bid-rigging and other practices
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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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Time Warner said yesterday that it had set aside $500 million to pay for potential penalties stemming from a government investigation into accounting practices at America Online, a step that
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Marsh & McLennan Cos. , the world's largest insurance broker, said on Tuesday it would reform its business practices and stop accepting fees at the center of an investigation by New York Attorney General Eliot Spitzer into bid rigging.
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NEW YORK : New York Attorney General Eliot Spitzer sued Thursday a major US insurance brokerage firm, Marsh and McLennan Co, for steering clients to insurers with whom it had lucrative payoff agreements.
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NEW YORK Marsh &amp; McLennan has a good chance of surviving despite the departure of Jeffrey Greenberg, its chief executive, as long as its outside directors understand that removing Greenberg is not the last but the first change they will have to make.
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Marsh &amp; McLennan, a subject of New York state Attorney General Eliot L. Spitzer&#39;s investigation of insurance bid-rigging, said it will lay off 3,000 employees, about 5 percent of its workforce.
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Eliot Spitzer&#39;s run at insurance broker Marsh &amp; McLennan (MMC ) looks increasingly as if it could be just the opening battle in a wide-ranging war against abuses in the insurance industry.
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New York Attorney General Eliot  Spitzer is launching a suit against several prominent  participants in the insurance industry, including AIG and  broker Marsh & McLennan Cos. MMC.N, charging they engaged in  market manipulation, Spitzer's office said.