Marsh &amp; McLennan takes king hit
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INSURANCE broker Marsh &amp; McLennan will take a massive hit from closing down its controversial commission- generating scheme with other firms, as demanded by New York Attorney General Eliot Spitzer.
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Marsh & McLennan Companies said it was outraged by a New York Post story in which critics of an advertising campaign by the insurance broker say models in the ads appear to have reflections of the World Trade Center's Twin Towers in their eyes.
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NEW YORK - The fallout from New York State Attorney General Eliot Spitzer&#39;s probe into the insurance industry continued. Jeffrey Greenberg, the head of Marsh &amp; McLennan, was replaced as chairman and chief
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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
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NEW YORK  - Marsh and McLennan Companies, Inc. the world&#39;s biggest insurance broker, announced a radical overhaul of its business practices after learning it would not face criminal charges for allegedly deceiving its customers.
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New York Attorney General Eliot  Spitzer on Thursday sued insurance broker Marsh & McLennan Cos.  MMC.N, charging they engaged in market manipulation.
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Nobody was expecting good news to come out of Marsh &amp; McLennan (MMC ) when it announced third-quarter earnings on Nov. 9. After all, the world&#39;s largest insurance broker has lost its chief executive -- and
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Connecticut Attorney General Richard Blumenthal yesterday sued insurance brokerage giant Marsh &amp; McLennan Inc. and a unit of the Bermuda-based ACE Ltd. insurance company for alleged illegal commissions in connection with an $80 million state contract.
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MARSH &amp; McLENNAN, the worldâs biggest insurance broker, was last night facing a potentially crippling downgrade of its credit rating by Standard &amp; Poorâs, after its borrowing power was all but frozen by its bankers.
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New York Attorney General Eliot Spitzer sued Marsh &amp; McLennan Cos. and arrested two American International Group Inc. executives in a fraud probe he said touches ``virtually every line
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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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Marsh & McLennan Companies Inc. , the world's largest insurance brokerage company, said on Tuesday that fourth-quarter earnings soared, helped by growth in its consulting business and cost cuts.
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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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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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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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NEW YORK - Today, New York Attorney General Eliot Spitzer will announce that he is filing both criminal and civil lawsuits against Marsh &amp; McLennan, the largest US insurance brokerage firm.
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Marsh & McLennan tries to cut its way to an operational recovery.