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New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
National News • October 14, 2004
New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation's biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Woe to Marsh and participating underwriters! | John | Oct 21, 2004, 1:17 pm |
| RE: Want to read Spitzer Complaint | Lori | Oct 19, 2004, 10:18 am |
| RE: Who's Spitzer going after next? | Stephanie | Oct 19, 2004, 10:11 am |
| Want to read Spitzer Complaint | catherine reid | Oct 19, 2004, 10:03 am |
| Who's Spitzer going after next? | Lori | Oct 19, 2004, 7:36 am |
| RE: RE: RE: What is Spitzer really saying? ? ? | John | Oct 18, 2004, 11:08 pm |
| RE: RE: What is Spitzer really saying? ? ? | Big Insurance | Oct 18, 2004, 5:24 pm |
| RE: RE: Email Records in Law Suits - Pay Attention! | jsjag | Oct 18, 2004, 3:16 pm |
| RE: Email Records in Law Suits - Pay Attention! | Jere Allan | Oct 18, 2004, 12:24 pm |
| RE: Email Records in Law Suits - Pay Attention! | dave/upstate ny | Oct 18, 2004, 10:12 am |
| I've been saying it for 19 years | JSJAG | Oct 18, 2004, 7:34 am |
| RE: RE: RE: Contingent Commissions | John A Consumer | Oct 17, 2004, 11:15 pm |
| RE: RE: Contingent Commissions | Scott | Oct 17, 2004, 10:44 am |
| RE: Contingent Commissions | Emma | Oct 16, 2004, 3:55 pm |
| Contingent Commissions | Louie | Oct 15, 2004, 3:25 pm |
| Spitzer Complaint/AIG Business Ethics | JAF | Oct 15, 2004, 2:08 pm |
| RE: What is Spitzer really saying? ? ? | Insurance Broker | Oct 15, 2004, 1:57 pm |
| What is Spitzer really saying? ? ? | Shocked Manger | Oct 15, 2004, 1:21 pm |
| Anything you say can & will be used against you... | Jane Logan, CPCU | Oct 15, 2004, 12:47 pm |
| RE: RE: Spitzer Complaint | Just An Opinion | Oct 15, 2004, 12:35 pm |
| RE: Spitzer Complaint | David W. Clifton | Oct 15, 2004, 11:22 am |
| Spitzer Complaint | Andrew J. Barile,CPCU | Oct 15, 2004, 11:05 am |
| Email Records in Law Suits - Pay Attention! | Jim Gildea | Oct 15, 2004, 10:25 am |
| Back to article | ||
Subject: What is Spitzer really saying? ? ?
What is Mr Spitzer refering to about this case surpressing the competativeness and limiting the insurnace buying public's ability to get fair prices. If company A is not within a range that they want to pay, well guess what, they will go to one of the other thousands of broker's out there. Each one of them eager to serve a new client.
Most broker's I know would do what they can to help increase the income of their company. This is just the way this industry has operated for over 100 years. Now Mr Spitzer feels it urpresses compatition. Let's get real.
I personally feel Mr. SPitzer is looking to cut out compatition come election time.