NU Online News Service, May 12, 5:30 p.m.EDT--Marsh & McLennan Companies said it amended itssettlement agreement with New York State over price-fixing andbrokerage fee misconduct to limit its application to the company'sU.S. operations.

In its 10-Q filing of May 6, New York-based MMC said the officeof the New York Attorney General and the Superintendent ofInsurance for the State of New York agreed April 28 to alter thelanguage in the agreement by inserting "U.S." into sections of it.The change limits the scope of business reforms that were agreedto, to exempt overseas operations, MMC said.

In January, MMC agreed to pay $850 million into a settlementfund that will be paid to insurance clients whose contractplacements were affected by contingent fees the broker collectedfrom insurers who were part of a scheme to rig bids and fixprices.

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