Update 8: Marsh &amp; McLennan Comments on Incentive Fees
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The company at the center of a probe into insurance brokerage fees says it took in more than $1.2 billion in incentive payments over the past 18 months and that its decision to stop using such fees will reduce operating income.
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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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Marsh &amp; McLennan Cos.&#39;s new chief executive said Tuesday the embattled firm will pay back any customers who were harmed by bid-rigging and other illegal activities uncovered by New York Attorney
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A day after coming under regulatory fire for taking incentive fees from insurers, the Marsh & McLennan Companies said that it would halt the practice.
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State insurance commissioners from across the country have proposed new rules governing insurance brokerage fees, winning praise from an industry group and criticism from
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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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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 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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Eliot Spitzer&#39;s filed a complaint against Marsh &amp; McLennan in State Supreme Court in Manhattan Thursday, alleging that the insurance broker received payments from companies to reward it for steering business their way.
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October 29, 2004 - With stock prices falling and a new chief executive at the helm, Marsh &amp; McLennan Cos. may quickly settle a civil suit filed by New York Attorney General Eliot Spitzer, but it may cost $500 million or more.
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Attorney General Eliot Spitzer yesterday sued insurance brokerage Marsh &amp; McLennan, accusing the company of rigging bids and steering business to insurance companies that paid fees for special treatment.
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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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Marsh & McLennan Cos. , the world's largest insurance broker, said on Tuesday it would reform its business practices and stop accepting fees at the center of an investigation by New York Attorney General Eliot Spitzer into bid rigging.
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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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Marsh & McLennan Cos. MMC.N, the  world's largest insurance broker, said on Tuesday it would  reform its business practices and stop accepting fees at the  center of an investigation by New York Attorney General Eliot  Spitzer into bid rigging.
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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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Marsh &amp; McLennan Cos. revealed what&#39;s at stake in the probe into its behavior by New York Attorney General Eliot Spitzer, saying