Connecticut's Supreme Court has ruled the state's attorney general can seek damages from Marsh for the harm its business practices caused to the state's economy.
In a decision last week, the court overturned a lower court ruling that state Attorney General Richard Blumenthal could not sue Marsh over harm to the state's economy because federal law trumped a state statute allowing the attorney general to seek such damages.
Mr. Blumenthal sued Marsh, contending that the broker's alleged kickback scheme, where the broker took part in a bid-rigging scheme and steered business to insurers paying lucrative volume-based contingent commissions, damaged the state's economy because commercial clients paid too much for their insurance.
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