Citing what he called "widespread c...
Citing what he called "widespread corruption in the insurance industry," of recent origin York State Attorney General Eliot Spitzer shook a of the industry's biggest names with a lawsuit filed against Marsh & McLennan Co the world's largest insurance factor In the lawsuit, filed in State Superior Court in Manhattan, Spitzer alleges that Marsh "steer unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that the firm solicited rigged bids for insurance contracts." The complaint alleges that "for years" Marsh consider probableed special payments from insurers "that were above and beyond normal sales commissions." Spitzer alleged that like ... Want to read the whole article? You can purchase it here. It's quick and easy.
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