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.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 2024 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.