Marsh & McLennan Companies said it amended its settlement agreement with New York State over alleged price-fixing and brokerage fee misconduct to limit its application to its U.S. operations.

In its 10-Q filing of May 6, New York-based MMC said the office of the New York Attorney General and the state’s superintendent of insurance agreed to alter the language in the agreement by inserting “U.S.” into sections of it. The change limits the scope of business reforms that were agreed to so that overseas operations are exempt, MMC said.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.