Regulators Settle With Marsh & McLennan
From Reuters
More than 30 state insurance regulators working through the National Assn. of Insurance Commissioners announced a settlement with the largest U.S. insurance broker, Marsh & McLennan Cos.
The pact adopts Marsh’s agreement in January to pay its clients $850 million in restitution to resolve allegations of fraud and anti-competitive practices leveled by New York Atty. Gen. Eliot Spitzer and New York State Insurance Superintendent Howard Mills in their probe of suspected bid rigging.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
