Marsh to Scrap Fees Spitzer Faulted
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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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Marsh &amp; McLennan (MMC:NYSE - news - research) will provide insurance customers with a &quot;full accounting&quot; of its revenue streams under reforms outlined by the embattled financial services company Tuesday.
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Jeff Greenberg steps down; Marsh pledges to reform. Apparently that's enough penance for a decade of misdeeds.
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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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Marsh &amp; McLennan Cos., the US insurance broker accused of rigging bids and taking ``payoffs,&#39;&#39; may cut jobs to help mitigate a drop in earnings, investors said.
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NEW YORK : New York Attorney General Eliot Spitzer sued Thursday a major US insurance brokerage firm, Marsh and McLennan Co, for steering clients to insurers with whom it had lucrative payoff agreements.
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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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Marsh &amp; McLennan, the US insurance broker accused of rigging the market to win bogus fees from customers, yesterday warned lines of credit from lenders
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A day after the resignation of its chairman and chief executive officer, Marsh &amp; McLennan Cos. announced on Tuesday it would stop accepting fees that had prompted a lawsuit by New York state Attorney General Eliot Spitzer.
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CHICAGO (CBS.MW) -- Jeffrey Greenberg may step down as early as Monday as chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging bids by New York Attorney General Eliot Spitzer, according a media report Sunday.
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New York Attorney General Eliot Spitzer on Thursday sued Marsh & McLennan Cos., the world's No. 1 insurance broker, for steering unsuspecting clients to certain insurers in exchange for lucrative payoffs, sending Marsh's stock plummeting.
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Jeffrey Greenberg, the chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging the market to make inappropriate fees from customers, was yesterday expected
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Embattled Marsh &amp; McLennan Cos. has lost more than a dozen brokers in the past six weeks, since Attorney General Eliot Spitzer charged them with bid-rigging and the stock price fell by 40 percent.
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Marsh &amp; McLennan Companies Inc. said Friday 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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Fremont Investment Advisors has agreed to pay $2.1 million in restitution and $2 million in civil penalties to end federal and state mutual fund timing cases, New York Attorney General Eliot Spitzer said yesterday.
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MARSH &amp; MCLENNAN, the insurance broker, is to axe 3,000 jobs to help to prop up its flagging profits, which have been hurt by a $232 million (Â£125 million) charge to cover a potential settlement with Eliot Spitzer, the New York attorney-general.
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US insurance broker Marsh &amp; McLennan looks set to escape criminal charges after it announced a wide-ranging reform of the way it does business.