Marsh &amp; McLennan accused of price fixing, collusion
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The nation&#39;s biggest insurers are mired in a brewing scandal that many executives fear could shake the industry to its core. After
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A Marsh & McLennan Cos. Inc.  insurance broker, Senior Vice President Robert Stearns, on Thursday pleaded guilty to criminal charges in connection with an ongoing probe into fraud and bid-rigging in the insurance industry, New York Attorney General Eliot Spitzer's office said.
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New York Attorney General Eliot Spitzer is launching a suit against insurance broker Marsh &amp; McLennan Cos., charging it engaged in market manipulation at the cost of insurance buyers, according to a source familiar with the situation.
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Marsh and McLennan is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe. The company says it will put the fees into a separate account to be used as
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The U.S. Securities and Exchange  Commission has asked Marsh & McLennan Cos. Inc. MMC.N for  information about partnerships that individuals affiliated with  the company have invested in, the insurance broker said in a  statement.
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The US stock market regulator is investigating troubled insurance broker Marsh &amp; McLennan&#39;s shareholder transactions, the firm has said.
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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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Connecticut Attorney General Richard Blumenthal yesterday sued insurance brokerage giant Marsh &amp; McLennan Inc. and a unit of the Bermuda-based ACE Ltd. insurance company for alleged illegal commissions in connection with an $80 million state contract.
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Marsh & McLennan Cos. revealed what's  at stake in the probe into its behavior by New York Attorney  General Eliot Spitzer, saying it generated $845 million of fat  fees from a practice at the center of a bid-rigging scandal.
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NEW YORK Marsh &amp; McLennan, the insurance brokerage company being sued by the New York State attorney general for taking payments from insurers, has said that it plans to put about $230 million of the fees into an account that may become part of a
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October 29, 2004 - With stock prices falling and a new chief executive at the helm, Marsh &amp; McLennan Cos. may quickly settle a civil suit filed by New York Attorney General Eliot Spitzer, but it may cost $500 million or more.
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The state of Ohio has filed an anti-trust lawsuit accusing Marsh & McLennan Cos , AIG  and three other insurers and their subsidiaries of price fixing and other anti-competitive behavior, Attorney General Marc Dann said on Monday.
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Two Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) executives linked to an insurance market bid-rigging investigation stepped down from their positions
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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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State Attorney General Eliot Spitzer sued the world&#39;s largest insurance broker and lodged criminal charges against two insurance executives, accusing the brokerage of taking improper payments to steer business to certain companies.
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NEW YORK Marsh and McLennan Companies said today it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers, which the New York attorney general claims were used to rig bids, thereby cheating customers.
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Board members and senior executives of Marsh &amp; McLennan, the giant insurance broker that has been accused of cheating customers, put millions of dollars into a partnership that profited by