Insurance Chief Quits in Inquiry Led by Spitzer
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The chief of Marsh & McLennan, the world's biggest insurance broker, resigned less than two weeks after his company was accused of cheating customers.
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Bernard B. Kerik announced today he is resigning from the consulting firm of his mentor, former mayor Rudolph W. Giuliani.
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NEW YORK -- The chairman and chief executive of the insurance brokerage giant Marsh &amp; McLennan is stepping down. The company said Monday that Jeffrey Greenberg submitted his resignation and the board accepted it.
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Marsh & McLennan Cos. Chairman and  Chief Executive Jeffrey Greenberg resigned, the company said on  Monday, 11 days after New York's attorney general accused the  world's biggest insurance broker of rigging insurance prices.
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Medicare and Medicaid chief Dr. Mark McClellan said Tuesday he is resigning and will likely go work for a think tank.
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The chairman of Hewlett-Packard is stepping down amid controversy over a probe into leaks at the firm.
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Marsh & McLennan Cos. MMC.N said on  Monday Chairman and Chief Executive Jeffrey Greenberg resigned,  11 days after New York's attorney general accused the world's  biggest insurance broker of rigging insurance prices.
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In the four days since New York Attorney General Eliot L. Spitzer alleged that brokers and corporate insurance carriers were engaged in bid-rigging and secret payoffs, three big industry players have dropped the commissions that Spitzer blamed for the problems.
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Wellpoint Inc. , the biggest U.S. health insurer, ousted its chief financial officer on Thursday after an external probe revealed he violated its code of conduct, sending its shares down about 3 percent.
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Jeffrey W. Greenberg yesterday resigned as chairman and chief executive of embattled Marsh &amp; McLennan Cos. and said that the firm will announce &quot;significant reforms&quot; today, a move that avoids criminal prosecution of the insurance broker.
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Odyssey Healthcare Inc., a hospice care provider, said Monday its chief executive resigned as the company warned third-quarter earnings will be below Wall Street&#39;s expectations and revealed it is being investigated by the Department of Justice.
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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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Jeffrey W. Greenberg, chairman and chief executive of Marsh & McLennan Companies Inc., which is the target of a bid-rigging investigation by New York's attorney general, submitted his resignation on Monday, the company said.
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ACE Ltd., a Bermuda-based insurance company, announced on Thursday that it had terminated two executives and suspended three more unnamed employees in the wake of New York Attorney General Eliot Spitzerâs probe into the bid-rigging practices in the
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Two major insurance companies named in the New York attorney general&#39;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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Ford Motor Co.  on Friday said  Robert Rubin, a member of the Office of the Chairman of  Citigroup Inc. , has resigned from Ford's board of  directors.
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New York Attorney General Eliot Spitzer has broadened his probe into insurance brokerage fees to include life and health insurance company practices.