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.
Death of Irish Teens in Crash Prompts Social Media Warning 
Orion180 Files for IPO, Eyeing Home and Flood Insurance Market 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US 
