Marsh & McLennan Companies Inc. (MMC) announced that Marsh Inc., its risk and insurance services subsidiary, is taking steps to collect all amounts owed to it by insurance markets under market services agreements (MSAs) that were in effect prior to Oct. 15, 2004, when Marsh announced it was terminating the practice.
The company said it will place amounts collected into a segregated account to be used in connection with any restitution agreement it may reach with the Attorney General of the State of New York. As of Sept. 30, 2004, such amounts were approximately $230 million
Was this article valuable?
Here are more articles you may enjoy.
Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill 
3 Big Questions Facing FEMA With Kristi Noem Out 
After Florida Charged People With Selling Insurance Licenses, 12 More Arrested 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
