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Marsh Settles Insurance Bid-Rigging Charges with 9 States for $7 Million

National News • January 6, 2009
Nine states have reached a $7 million settlement with New York-based insurance broker Marsh, Inc., Marsh & McLennan Companies, Inc., resolving a four-year investigation into Marsh's role in a ...

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Subject: Marsh Settles

Posted On: January 12, 2009, 11:30 am CST
Posted By: Russ Vollmer
Comment:
The writer of the article should be careful comparing what brokers like Marsh were receiving from companies in the form of a "placment fee" to actual contingent commissions which are based on profit sharing and are only paid after the fact and only if there is a profit. Each time those two are confused or lumped together, more fuel is added to the fire about contingent commissions which themsselves are not illegal or bad. It was the placement fee, along with actual bid rigging, that did so many large brokers in.
Subject Posted By Posted On
Marsh Settles Papalii Natuitasina Tugaga
Jan 12, 2009, 10:45 pm
Marsh Settles Russ Vollmer
Jan 12, 2009, 11:30 am
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Jan 7, 2009, 12:31 pm
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