Chicago-based Aon Corp., the world’s No. 2 insurance broker, said it is negotiating with lenders to access about $890 million in credit should Spitzer choose the company as his next target, according to Bloomberg News and the Associated Press.
Aon records have already been subpoenaed in the matter, and it is under investigation by several other states. The company’s market value has dropped by 25 percent since New York Attorney General Spitzer announced his suit against Marsh for rigging bids and misrepresenting its commission structure to clients. Aon CEO Patrick Ryan said an internal investigation has not yet discovered any activity similar to the bid-rigging found at Marsh.
Was this article valuable?
Here are more articles you may enjoy.
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
Study Suggests Federal Action to Realize Insurance Savings 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
