Marsh Pledges to End Secrecy and Incentive Fees
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Michael G. Cherkasky, the new chief executive of the Marsh &amp; McLennan Companies, the world&#39;s largest insurance broker, said yesterday that bid-rigging and price-fixing had been &quot;very
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cLennan Cos&quot;/&gt;Marsh &amp; McLennan, which the New York attorney general&#39;s office has accused of bid-rigging and price-fixing, said last night that it was setting up a fund to be used for restitution in any settlement agreement.
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U.S. stock markets would have to  disclose executive pay and provide details of their regulatory  programs, under new rules proposed by the Securities and  Exchange Commission on Tuesday.
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U.S. stock markets would have to disclose executive pay and provide details of their regulatory programs, under new rules proposed by the Securities and Exchange Commission on Tuesday.
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Marsh & McLennan Cos. MMC.N will  wrap up its probe into its business practices by early January  and set aside more than the $232 million allocated for legal  costs last month to settle bid-rigging claims, Chief Executive  Michael Cherkasky said.
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NEW YORK -- Two major insurance companies named in the New York attorney general's investigation into questionable sales practices have discontinued the use of incentive fees, which are at the center of the probe.
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The US Securities and Exchange Commission has asked Marsh &amp; McLennan Cos. Inc. (MMC) 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 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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One day after Marsh &amp; McLennan Cos. ousted its chief executive, the nation&#39;s largest insurance broker said it will tell its clients exactly how much they are paying
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Marsh &amp; McLennan, the world&#39;s biggest insurance broker, last night disclosed that regulators had launched an investigation into transactions involving its directors.
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Insurance brokerage firm Marsh &amp; McLennan (nyse: MMC - news - people ) was charged with fraud and antitrust violations in connection with allegations of bid steering and lucrative payoffs from major insurance firms, alleged New York State Attorney General
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Struggling to reorganize after being accused of cheating its customers, Marsh &amp; McLennan, the world&#39;s largest insurance broker, said yesterday that it was removing the five company executives
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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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Rules to prevent fraud going undetected at US companies are to be amended after complaints they are too costly.
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NEW YORK Marsh &amp; McLennan, the insurance brokerage company being sued by the New York State attorney general for taking payments from insurers, has said that it plans to put about $230 million of the fees into an account that may become part of a
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Decrying &#39;&#39;ethical breaches of an unprecedented nature,&#39;&#39; California&#39;s insurance commissioner announced regulations Wednesday to bar brokers from steering customers to certain policies in exchange for hidden commissions.
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December 23, 2004 -- Marsh &amp; McLennan Cos., the world&#39;s largest insurance broker, said the Securities and Exchange Commission is investigating the stakes that directors, officers, and shareholders have in the company&#39;s buyout funds.