Fallout from bid-rigging case causes many marsh defections.(Willis Group Holdings Ltd., Marsh Inc. and Aon Corp.)

From: Los Angeles Business Journal | Date: August 22, 2005| Author: Berry, Kate | Copyright information

THE top insurance brokerages in Los Angeles are reeling from job losses, turnover of senior management and a revision of their business models in the aftermath of fraud and bid-rigging investigations last year.

The biggest loser appears to be Marsh Inc.'s risk and insurance unit in Los Angeles, which has lost up to 75 employees, including many high-ranking executives. It was forced to make layoffs in November and April.

Willis Group Holdings Ltd. claims to be...

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