Marsh &amp; McLennan accused of price fixing, collusion
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The nation&#39;s biggest insurers are mired in a brewing scandal that many executives fear could shake the industry to its core. After
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New York Attorney General Eliot  Spitzer, who is suing insurance broker Marsh & McLennan Cos. on  fraud and bid-rigging charges, said on Thursday negotiations  with the company have just begun and no settlement value has  yet been discussed.
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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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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 &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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The state of Ohio has filed an anti-trust lawsuit accusing Marsh & McLennan Cos, the world's largest insurer, AIG  and three other insurers and their subsidiaries of price fixing and other anti-competitive behavior, Attorney General Marc Dann said on Monday.
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Company said settlement for bid rigging claim likely this month, but says investigation is ongoing. NEW YORK  - Marsh &amp; McLennan Cos.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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A Marsh & McLennan Cos. Inc. MMC.N  insurance broker, Senior Vice President Robert Stearns, on  Thursday pleaded guilty to criminal charges in connection with  an ongoing probe into fraud and bid-rigging in the insurance  industry, New York Attorney General Eliot Spitzer's office  said.
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Insurance brokers required to provide competing bids to customers seeking the best deal have been taking payoffs from insurance companies to rig the system in widespread corruption in the industry, New York Attorney General Eliot Spitzer charged Thursday.
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A Marsh & McLennan Cos. Inc.  insurance broker, Senior Vice President Robert Stearns, on Thursday pleaded guilty to criminal charges in connection with an ongoing probe into fraud and bid-rigging in the insurance industry, New York Attorney General Eliot Spitzer's office said.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker sued by New York Attorney General Eliot Spitzer last week for its business practices, said on Monday
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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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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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New York Attorney General Eliot  Spitzer is launching a suit against several prominent  participants in the insurance industry, including AIG and  broker Marsh & McLennan Cos. MMC.N, charging they engaged in  market manipulation, Spitzer's office said.
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NEW YORK Marsh and McLennan Companies said today it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers, which the New York attorney general claims were used to rig bids, thereby cheating customers.