Impact of Spitzer Broker Fraud Charges Felt at Marsh and Beyond
National News October 18, 2004
New York Attorney General Eliot Spitzer's filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant ...
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Subject: RE: Spitzers insurance investigation and chargess
Posted On: October 18, 2004, 10:04 pm CDT
Posted By: shawn
Comment:
I agree and those that will suffer are the ones making $50k not $200k. In order to meet the pressures of increasing corporate profits I doubt any substantial change will take place, instead a modification of the existing system will ensue where carriers pay a flat fee for the brokers services. That $800m in profit has to be made up somewhere and my bet is that the client will bear the burden.
Subject: RE: Spitzers insurance investigation and chargess