New York&#39;s Spitzer Sues Insurance Broker
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New York Attorney General Eliot Spitzer on Thursday sued Marsh &amp; McLennan Cos., the world&#39;s No. 1 insurance broker, for steering unsuspecting clients to certain insurers in exchange for
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New York Attorney General Eliot Spitzer yesterday sued Putnam Investments parent Marsh &amp; McLennan Cos. , alleging the nation's largest insurance brokerage received payoffs from insurers for steering clients to them instead of finding the best prices for its customers.
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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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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on Thursday said five
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Brokers required to provide competing bids to customers have been taking payoffs from insurance companies resulting in widespread corruption in the industry, New York's Attorney General charged today.
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Marsh &amp; McLennan Cos., the insurance broker sued by New York Attorney General Eliot Spitzer last month, said five company executives stepped down from the board.
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ELIOT Spitzer, the New York State attorney-general, has finally initiated legal action against some of the leading lights in the insurance and brokerage sectors.
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New York Attorney General Eliot Spitzer on Friday widened his investigation of the insurance business, this time suing a broker that allegedly took kickbacks from big life insurers.
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A broker-dealer firm sued brokerages watchdog NASD and the New York Stock Exchange on Friday to block a deal to merge oversight functions, saying the arrangement would be unfair to NASD members.
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The New York attorney general filed a lawsuit today accusing the world's largest insurance broker of cheating its customers by rigging bids for the coverage they bought.
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New York Attorney General Eliot  Spitzer, who is probing bid-rigging in the insurance industry,  expects to file suit against insurance consultant Universal  Life Resources as early as Friday, a spokesman for his office  said.
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A former chief operating officer at a Marsh & McLennan Cos. Inc. unit has sued the world's largest insurance broker by market value, alleging he was not properly compensated after being fired in the aftermath of a 2004 bid-rigging scandal.
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Eliot Spitzer, New York&#39;s combative attorney general who is already involved in a high-profile wrangle with the insurance industry, has now turned
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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.
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Insurance firms are left  reeling as New York attorney general Elliot Spitzer sues Marsh & McLennan, the world's largest insurance broker, for taking illegal payments.
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New York Gov. Eliot Spitzer on Monday  threatened to sue the federal government on charges that new  regulations on children&#39;s health insurance violate an existing  program that covers children from lower-income families.
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New York Attorney General Eliot Spitzer on Thursday filed a civil action against Marsh &amp; McLennan, saying generally the overall industry was involved in bid rigging and steering the clients to other companies in return for illegal payments.