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.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
