Editor's comment: The spectre of Spitzer returns
In 2004, the US insurance broking industry came under attack as then New York Attorney General Eliot Spitzer declared war — with allegations of kickbacks, rigged bids for insurance contracts and opaque practices, including contingent commissions.
Jeffrey Greenberg, chief executive of broker Marsh & McLennan, was forced out, his father Hank Greenberg quit as AIG chief executive after being cited in a law suit and Marsh eventually settled
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