Marsh & McLennan Cos., the insurance broker that paid $850 million to settle New York Attorney General Eliot Spitzer’s accusations of bid-rigging, may face a similar suit from Massachusetts Attorney General Tom Reilly. Reilly intends to sue Marsh, alleging the broker deceived at least 17 Massachusetts customers by soliciting fake quotes and steering clients to insurers that paid hidden fees, his office told Marsh Chief Executive Michael Cherkasky in a Sept. 8 letter. The letter gives the brokerage an opportunity to discuss possible resolutions.
Marsh spokesman Jim Fingeroth said the company continues to have discussions with Reilly and is cooperating
The letter said Gillette Co., State Street Corp., Analog Devices Inc. and the University of Massachusetts were among those harmed by Marsh’s alleged infractions.
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