Marsh to avoid criminal charges
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Giant insurance broker Marsh and McLennan is now expected to escape criminal charges over illegal payments. It has been the subject of legal action over the payments by New Yrok attorney general Eliot Spitzer.
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When New York Attorney General Eliot Spitzer accused insurance broker Marsh &amp; McLennan Cos. last month of taking kickbacks from insurers, resulting in higher premiums for clients, he raised questions for the
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NEW YORK - A day after sacking its chief executive, Marsh &amp; McLennan (MMC) announced Tuesday it will stop accepting fees at the heart of a lawsuit by New York&#39;s attorney general accusing the world&#39;s largest insurance broker of rigging prices.
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Jeffrey Greenberg, the chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging the market to make inappropriate fees from customers, was yesterday expected
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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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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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The bid-rigging case against Marsh &amp; McLennan Cos. likely will be settled for at least $500 million, the Wall Street Journal reported Thursday.
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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 & McLennan Cos. MMC.N, the  world's largest insurance broker, on Tuesday said it will  reform its business practices and stop accepting fees that New  York's attorney general said amounted to bid-rigging.
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NEW YORK - Bank of New York reportedly is negotiating with federal prosecutors to avert a potential criminal indictment. The Wall Street Journal reports that the bank is facing charges it failed to report suspicious activity at one of its branches.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker sued by New York Attorney General Eliot Spitzer last week for its business practices, said on Monday
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Marsh &amp; McLennan Companies Inc. is moving to collect about $230 million in controversial contingent commissions owed by insurers and will put the money toward a settlement with the New York Attorney General Eliot Spitzer.
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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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Marsh &amp; McLennan Cos. said yesterday it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers, which the New York attorney general has alleged were used to rig bids, cheating customers.
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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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Connecticut's "failure to appear" charge is being challenged, worrying some prosecutors who use the tool extensively.
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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.