[20041105]RS21966_2004年保险经纪人调查：概述.pdf

1 Marsh, Inc. is a wholly-owned subsidiary of Marsh & McClennan Companies, Inc. In thisreport, “Marsh” will refer to the insurance broker Marsh, Inc., while the parent company will bereferred to as “Marsh & McClennan.” Other subsidiaries include Putnam Investments andMercer Consulting, both of whom have been the subject of earlier investigations by Mr. Spitzer.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21966November 5, 2004 The 2004 Insurance Broker Investigations: An OverviewBaird WebelAnalyst in EconomicsGovernment and Finance DivisionSummaryOn October 14, 2004, the Attorney General of the State of New York, Eliot Spitzer,filed civil suit for violations of various state laws against Marsh & McClennanCompanies and Marsh, Inc.,1 the largest insurance broker in the United States. Theprincipal allegations revolve around compensation arrangements between Marsh andseveral insurance companies, and bidding manipulation by Marsh to increase its profitsfrom these compensation arrangements. Attorney General Spitzer also brought criminalcharges against individuals involved and several guilty pleas have been announced.