Phony bids put insurance firm in real trouble
29229
When Greenville County in South Carolina borrowed $800 million two years ago to expand its public schools, insurance broker Marsh &amp; McLennan Cos.
242517
Bermuda-based insurance giant ACE Limited was yesterday implicated in damning allegations against the insurance industry from New York Attorney General Eliot Spitzer after he launched a lawsuit
332349
Marsh &amp; McLennan has been cut in half in the last three days following allegations that it had rigged bids to convince its customers to overpay for insurance policies that it brokered on their behalf.
174801
Apparently anyone who thought there was a major scandal at insurance brokerage Marsh &amp; McLennan is mistaken. That, at least, was the claim yesterday of new chief executive Michael Cherkasky.
395178
NEW YORK -- An insurance broker at a subsidiary of insurance brokerage giant Marsh &amp; McLennan Cos. pleaded guilty yesterday to criminal charges related to fraud and bid-rigging and is expected to cooperate in the broad investigation of industry practices.
630525
Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on
115764
Customers in search of cheap airfare, antiques or a stock trade can scan the Web for good deals. But when it comes time for companies to buy group insurance policies, they've largely been beholden to brokers using fax, e-mail and the telephone to track down the best bargain. Some industry analysts say an ongoing insurance bid-rigging scandal &#151; combined with rising health care costs &#151; will build demand for online bidding on insurance policies.
343569
About one in 10 people are lying to their car insurer to save on premium costs, a survey suggests.
262878
Two midlevel employees of the Zurich American Insurance Company pleaded guilty yesterday to criminal charges related to the rigging of bids that investigators say was organized by the Global Broking unit of Marsh &amp; McLennan.
115792
Investigators for the New York attorney general have discovered evidence of deceptive and coercive practices at Aon, the world's second-largest broker of insurance.
58443
A UK insurance firm that recognized an unfolding fraud pattern but did next to nothing to protect its customers has been socked with a record fine by the British Financial Services Authority.
42203
This firm's valuation prices in big results from an as-yet unproven resource.
669423
A troubled company in the troubled housing sector.
658309
Sale process for stricken bank in disarray as private equity firm fails to submit an offer
444469
By TOM BODDEN Welsh Affairs Correspondent  BARGAIN hunters in North Wales were warned yesterday to beware of "unbelievable offers".   Scams ranging from bogus holiday clubs to dodgy sweepstakes, miracle cures to fake foreign lotteries, are aiming to catch the unwary.
585746
The enterprise software company is again the subject of takeover rumors.
41734
Rivals of the No. 1 insurance broker are desperate to replace the highly profitable contingent commission revenue they were forced to jettison in the wake of the probe by New York Attorney General Eliot Spitzer.