To Survive the Dance, Marsh Must Follow Spitzer's Lead
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Marsh & McLennan, the world's largest insurance broker, may survive its criminal investigation if it makes certain changes.
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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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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.
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MICHAEL CHERKASKY, the new chief executive of Marsh &amp; McLennan, yesterday promised âcomplete transparencyâ and announced a major overhaul of the way the embattled insurance broker does business.
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Like Gov. Arnold Schwarzenegger, Eliot Spitzer might end up cooling his heated language, editing his battle list and embracing bipartisan issues.
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The bond insurer problem must be  fixed, or else it could become a "financial tsunami" that  wreaks havoc on the broader economy, New York Governor Eliot  Spitzer is due to tell the U.S. Congress on Thursday.
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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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The new boss of US insurance broker Marsh &amp; McLennan said he is confident of settling the charges brought by New York Attorney-General Eliot Spitzer.
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Resisting the temptations of the mutual-fund performance chase isn't as easy as it may look.
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Investor's Business Daily - If you have doubts about how mutual fund managers reacted to news that insurance broker Marsh &amp; McLennan was the target of a lawsuit by New York Attorney General Eliot Spitzer, you need look only at the share price.
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In a tough year on Wall Street, Israel A. Englander should be riding high. Instead, he has a problem.
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NEW YORK An investigation into the insurance business is expanding as Eliot Spitzer, the New York State attorney general, increasingly turns his attention to whether US corporations and their employees are paying more for life, disability and accident
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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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The move is an extraordinary turnabout for Attorney General Eliot Spitzer of New York, who has led high-profile suits.
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How to outmaneuver the wizards of Wall Street.
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New York Attorney General Eliot  Spitzer on Thursday sued Marsh & McLennan Cos., the world's No.  1 insurance broker, for steering unsuspecting clients to  certain insurers in exchange for lucrative payoffs, sending  Marsh's stock plummeting.
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Lanny Thorndike, whose Century Shares Trust mutual fund has about one-third of its assets in insurance stocks, is keeping his investments in Marsh &amp; McLennan and American International Group