Marsh to avoid criminal charges
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Giant insurance broker Marsh and McLennan is now expected to escape criminal charges over illegal payments. It has been the subject of legal action over the payments by New Yrok attorney general Eliot Spitzer.
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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
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The bid-rigging case against Marsh &amp; McLennan Cos. likely will be settled for at least $500 million, the Wall Street Journal reported Thursday.
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NEW YORK (CNN) -- The captain of the Staten Island Ferry that crashed into a maintenance pier in October, killing 11 people and injuring more than 70 others, will avoid prosecution in an unusual cooperation agreement with federal prosecutors.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , which has been at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000
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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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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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Marsh &amp; McLennan Companies Inc., the insurance brokerage giant, is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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New York Attorney General Eliot Spitzer&#39;s filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is expected to reach into the insurance
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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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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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By BRANDON LARRABEE  ATLANTA - Revisions to the state's new marsh rules allowing some exceptions for "hardships" caused by a 50-foot buffer zone could be approved in July after a Board of Natural Resources committee signed off on the changes Tuesday.
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Insurance broker Marsh &amp; McLennan Cos. said yesterday it is renegotiating terms of $2.8 billion of backup bank financing after New York Attorney General Eliot Spitzer sued the company last week. The move is likely to raise the company's borrowing costs.
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Eliot Spitzer announced Monday that the State of New York would not pursue criminal charges against disgraced insurance broker Marsh &amp; McLennan after it promised reforms and accepted the resignation of CEO Jeff Greenberg, replacing him with a former
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BOSTON (CBS.MW) -- Franklin Resources has agreed to pay a $5 million fine in connection with charges that it allowed market timing in a fund that prohibited the practice in its prospectus.
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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 that New  York's attorney general said amounted to bid-rigging.
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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.