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Spitzer: All Marsh Funds to Go to Insureds; Not All Insurance People or Contingencies are 'Bad'
National News • January 31, 2005
New York Attorney General Eliot Spitzer said today that the monies from the $850 million settlement his office negotiated with Marsh would be used to refund insureds who wish to take advantage of ...
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| Subject | Posted By | Posted On |
|---|---|---|
| HOW ABOUT LAWYERS/TITLE INSURANCE? FULL DISCLOSURE! | BIG Insurance | Feb 8, 2005, 4:19 pm |
| RE: Insurance people that are good people. | Kathy | Feb 8, 2005, 7:34 am |
| Insurance people that are good people. | Thomas F Wallace Sr. | Feb 7, 2005, 4:03 pm |
| RE: Remember Putnam Investments? | MD Insurance Lady | Feb 7, 2005, 1:25 pm |
| Where can I get a free out of Jail card? | JP Abosida | Feb 7, 2005, 1:23 pm |
| Remember Putnam Investments? | Big Insurance | Feb 7, 2005, 1:20 pm |
| RE: Junk Justice | Feb 4, 2005, 3:21 pm |
|
| Junk Justice | LicenseingDewd | Feb 3, 2005, 10:45 am |
| big brokers | Larry (again) | Feb 3, 2005, 9:48 am |
| RE: MD Insurance Lady | Bird Cages | Feb 3, 2005, 9:19 am |
| RE: Marsh | Risk Managers??? | Feb 3, 2005, 9:17 am |
| RE: company pressures | Chris | Feb 2, 2005, 2:46 pm |
| company pressures | Larry | Feb 2, 2005, 12:16 pm |
| Contingent Commissions | InsMgmt | Feb 1, 2005, 4:25 pm |
| MD Insurance Lady | CA Insurance Person | Feb 1, 2005, 3:42 pm |
| Marsh | Peter Polstein | Feb 1, 2005, 3:08 pm |
| Marth vs Marsh | Kathy | Feb 1, 2005, 2:44 pm |
| RE: Contingent Commissions | pal | Feb 1, 2005, 2:42 pm |
| Contingent Commissions | Sid | Feb 1, 2005, 2:36 pm |
| Martha Should Have Worked For Us | Martha Greenberg | Feb 1, 2005, 2:20 pm |
| RE: RE: Contingent Commissions | MD Insurance Lady | Feb 1, 2005, 2:16 pm |
| RE: Contingent Commissions | dirk | Feb 1, 2005, 1:38 pm |
| RE: Contingent Commissions | Barbera Jakubanis | Feb 1, 2005, 1:37 pm |
| Contingent Commissions | Barbera Jakubanis | Feb 1, 2005, 1:35 pm |
| bid rigging? | Doug | Feb 1, 2005, 1:33 pm |
| Back to article | ||
Subject: big brokers
One very intersting item popped up in our discussions. Marsh, and a few other mega brokers, are actually larger than many insurance companies. With their enormous size, these maga brokers could do almost anything they want in their relationships with carriers.
It was said that there had been a situation where some of the mega brokers had been involved in, if not had been totally behind, the creation of some offshore reinsurers. These reinsurers then put pressure on the carriers that the mega brokers were using. Does THAT sound like undue pressue and unfair competition?