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: RE: Impact of Spitzer Broker Fraud Charges Felt at Marsh
Posted On: October 25, 2004, 4:25 pm CDT
Posted By: Mike
Comment:
Good Afternoon!!
I believe that no one in business has a problem with commission based sales, however, it seems that what Marsh (and the carrier's involved in this) may have done
crosses the line by rigging the bids (if the allegations ultimately prove to be true).
We'll shall see but I do believe that a complete investigation (full disclosure by all parties) of the allegations is in order...
If the allegations prove founded our industry will take a hit (financially and reputation wise) but if the allegations prove unfounded it would my hope that our industry would be cleared of the allegations...
Mike
Subject: RE: RE: Impact of Spitzer Broker Fraud Charges Felt at Marsh
I believe that no one in business has a problem with commission based sales, however, it seems that what Marsh (and the carrier's involved in this) may have done
crosses the line by rigging the bids (if the allegations ultimately prove to be true).
We'll shall see but I do believe that a complete investigation (full disclosure by all parties) of the allegations is in order...
If the allegations prove founded our industry will take a hit (financially and reputation wise) but if the allegations prove unfounded it would my hope that our industry would be cleared of the allegations...
Mike