Whats Next For Spitzer?
I keep waiting for the other shoe to drop in the bid-riggingprobe of top brokers and insurers by New York Attorney GeneralEliot Spitzer.
I know Mr. Spitzer cashed in big time by convincing Marsh tocreate an $850 million policyholder restitution fund andsubstantially change the way the firm does business (although hefailed to secure any admission of wrongdoing). I also hear that heand at least two other state attorney general offices are insettlement discussions with the next-biggest broker, Aonwhich,despite not being named in any of Mr. Spitzers public actions, setup a modest $50 million settlement fund.
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