Marsh &amp; McLennan will pay customers back
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Marsh &amp; McLennan Cos.&#39;s new chief executive said Tuesday the embattled firm will pay back any customers who were harmed by bid-rigging and other illegal activities uncovered by New York Attorney
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Marsh &amp; McLennan Cos. Chief Executive Michael Cherkasky created a compliance unit and pledged to return money to clients as the world&#39;s largest insurance broker moves to settle claims of kickbacks and rigged bids.
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MetLife, one of the nationâs biggest insurance companies, and Marsh & McLennan, the nationâs largest insurance brokerage firm, both reported yesterday that profit soared in the fourth quarter on strong revenue growth.
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NEW YORK  - Marsh and McLennan Companies, Inc. the world&#39;s biggest insurance broker, announced a radical overhaul of its business practices after learning it would not face criminal charges for allegedly deceiving its customers.
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When Greenville County in South Carolina borrowed $US800 million two years ago to expand its public schools, insurance broker Marsh &amp; McLennan provided three bidders to insure the project.
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Insurance brokerage firm Marsh &amp; McLennan (nyse: MMC - news - people ) was charged with fraud and antitrust violations in connection with allegations of bid steering and lucrative payoffs from major insurance firms, alleged New York State Attorney General
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WASHINGTON -- A federal initiative to repay investors who lost money because of corporate wrongdoing and other misdeeds has amassed $2.6 billion in just two years and has played a role in almost 100 cases settled by federal regulators.
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It's all in how you return money to shareholders.
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NEW YORK - Marsh &amp; McLennan Companies Inc. is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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Marsh & McLennan Cos. MMC.N on  Monday agreed to pay $850 million to settle charges it  conspired with insurers to rig bids, raising hopes the world's  biggest insurance broker can start to move past the scandal.
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Insurance broker Marsh &amp; McLennan Cos. said yesterday it is renegotiating terms of $2.8 billion of backup bank financing after New York Attorney General Eliot Spitzer sued the company last week. The move is likely to raise the company's borrowing costs.
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Board members and senior executives of Marsh & McLennan put millions of dollars into a partnership that profited by buying companies from Marsh and investing in companies that work with Marsh.
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Insurance broker Marsh &amp; McLennan Cos. said yesterday it is renegotiating terms of $2.8 billion of backup bank financing after New York Attorney General Eliot Spitzer sued the company last week.
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A class-action lawsuit that alleged Microsoft Corp. overcharged consumers was settled Wednesday for an undisclosed amount.
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The company's shares have recovered from legal settlement sticker shock.
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British Airways and Virgin Atlantic passengers may be entitled to refunds if a legal settlement is signed.
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Marsh &amp; McLennan Companies Inc. is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.