Marsh to collect $230m in restitution move
Embattled broker Marsh & McLennan has said it plans to put about $230m of contingency fees into an account that may become part of a restitution agreement. The company said the amount represents what insurers owed it as of 30 September.
In a statement 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 stateOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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