Massachusetts State Attorney General Tom Reilly is threatening to sue Marsh & McLennan Companies Inc. if a settlement can't be reached over allegations that the firm did not serve its insurance clients properly.
In a letter to Michael G. Cherkasky, MMC's president and chief executive officer, dated Sept. 8, the attorney general's office said it has reason to believe the New York-based insurance firm engaged in "unfair or deceptive acts or practices" violating the state's consumer protection law.
MMC filed an 8-K on Sept. 12, advising that an attorney general intended to sue the firm on Sept. 13 if a resolution could not be met. The company did not name the attorney general in the filing.
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