Marsh Reveals What's at Stake in Probe
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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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An investigation into the insurance business is expanding, investigators said yesterday, as Eliot Spitzer, the New York attorney general, increasingly turns his attention to whether American
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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
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Spitzer said other insurance companies are being investigated.
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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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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 -- Marsh &amp; McLennan Cos., already under scrutiny from regulators, said it received a request for information from the Securities and Exchange Commission about its Trident private-equity funds.
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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 watchdog is examining transactions at the world's biggest insurance broker, scandal-hit Marsh & McLennan.
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Not all insurance stocks are being punished for the Marsh &amp; McLennan price-fixing scandal, but the investigation is just getting rolling.
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The new boss of scandal-hit US insurance broker Marsh & McLennan says he expects to settle charges brought by New York's attorney-general.
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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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Putnam Investments will pay $40 million to settle yet another regulatory probe, while corporate parent Marsh &amp; McLennan Cos. yesterday said it would cut 3,000 jobs in the fallout from the price-fixing and bid-rigging scandal enveloping its insurance brokerage unit.
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Marsh &amp; McLennan (MMC:NYSE - news - research) will provide insurance customers with a &quot;full accounting&quot; of its revenue streams under reforms outlined by the embattled financial services company Tuesday.
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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.
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Attorney General Eliot Spitzer&#39;s blockbuster insurance industry probe, which has rocked Wall Street with charges of conflicts of interest, is likely to focus next on health insurance.
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Shares of Marsh & McLennan Cos. were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.