Koken: Quick Marsh Pact Aids Insurers' Image

NU Online News Service, Feb. 2, 2:47 p.m. EST?The speed with which Marsh and McLennan Companies settled bid-rigging and steering charges and agreed to pay back consumers should do much to restore public faith in the insurance industry, a key regulator said today.

Diane Koken, president of the National Association of Insurance Commissioners, gave that reaction after MMC announced an agreement yesterday to pay $850 million into a fund to repay customers.

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