|
L.A. office cited in N.Y. probe of Marsh activities.(Up Front )(Los Angeles)(New York)
From:
Los Angeles Business Journal
| Date:
October 18, 2004| Author:
Berry, Kate; Darmiento, Laurence
| COPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
|
In his lawsuit last week accusing insurance broker Marsh & McLennan Cos. of civil fraud, New York Attorney General Eliot Spitzer singled out Marsh's Los Angeles office, alleging that brokers provided false insurance quotes, solicited rigged bids, and made lucrative payoff agreements that inflated the price of property and casualty insurance in Southern California.
The complaint, filed last week in stale Superior Court in Manhattan, alleges that Marsh's Los Angeles office...