Thursday, October 14, 2004

Spitzer's office reveals widespread corruption in the insurance industry

Lucrative payoff agreements. Soliciting rigged bids. Sounds like an episode of the Soprano's. But no, we are discussing your "friendly" insurance broker, Marsh & McLennan Companies.

New York State Attorney General Elliot Spitzer today sued the nation's largest insurance broker, Marsh & McLennan Companies for fraud and anti-competitive practices. The lawsuit implicates other insurance companies. Do you still blame the trial lawyers for your high insurance rates? more...>