Marsh to escape criminal charges
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US insurance broker Marsh &amp; McLennan looks set to escape criminal charges after it announced a wide-ranging reform of the way it does business.
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New York Attorney-General Eliot Spitzer has been conducting a probe of the insurance industry but now says he will not bring criminal charges against the world&#39;s biggest insurance broker, Marsh &amp; McLennan.
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Eliot Spitzer&#39;s attack on the US insurance industry is expected to intensify pressure for the resignation of the head of Marsh &amp; McLellan, the company at the centre of the allegations.
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US insurance giant Marsh & McLennan is to pay $850m to settle charges that it conspired to rig the marketplace.
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WASHINGTON -- Jeffrey W. Greenberg, who resigned this week as chairman and chief executive of Marsh &amp; McLennan Cos. Inc., amid a regulatory inquiry into its policies, exercised options to obtain 540,000 shares
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MARSH &amp; MCLENNAN, the insurance broker, is to axe 3,000 jobs to help to prop up its flagging profits, which have been hurt by a $232 million (Â£125 million) charge to cover a potential settlement with Eliot Spitzer, the New York attorney-general.
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Marsh &amp; McLennan chief executive Jeffrey Greenberg could announce his resignation as soon as today as a result of New York attorney general Eliot Spitzer&#39;s investigation into alleged corruption in the insurance industry.
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Marsh & McLennan Cos. MMC.N, the  world's largest insurance broker, on Tuesday said it will  reform and stop accepting fees that New York's attorney general  said amounted to bid-rigging.
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The chief executive and chairman of the Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, resigned yesterday, less than two weeks after his company was accused of cheating customers.
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The criminal case against a former crematory operator in northwest Georgia appears headed for a plea deal. A prosecutor says in a letter to victims&#39; families that Ray Brent Marsh -- who is
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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 -- 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.
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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 &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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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 county prosecutor said Monday she intends to drop the charges against a man who was accused of shooting into a crowd of people watching a fireworks display this summer.
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Marsh & McLennan Cos. MMC.N on  Monday agreed to pay $850 million to settle charges it  conspired with insurers to rig bids, raising hopes the world's  biggest insurance broker can start moving past the scandal.