Former New York Gov. Eliot Spitzer is accused in a $60 million defamation suit of falsely suggesting that a former insurance executive was criminally responsible for insurance-fraud schemes.

The New York Attorney General’s Office has withdrawn felony monopoly charges against two former Marsh & McLennan Cos. executives accused of accepting contingent commissions, according to their law firm.

Eric Dinallo, the former New York insurance superintendent, is expected to join the law firm of Debovoise & Plmpton as a partner, according to a media report.

A federal appeals court restored part of a class-action suit involving scores of insurance companies and brokers accused of conspiring to rig bids.

A New York Supreme Court justice has called the state’s case against former American International Group executive Maurice “Hank” Greenberg, alleging fraud over a reinsurance transaction, both “devastating” and “strong.”

Regulators in three states have lifted a five-year-old prohibition on contingent commissions for some of the nation’s largest brokerages in return for greater transparency on agent and broker compensation.

With New York regulators unveiling a new broker compensation disclosure rule promoting greater openness in transactions, the head of Willis Group Holdings said the move is not “true transparency.”

Nearly a year and half of hearings, drafting and discussions has resulted in new compensation disclosure rules for agents and brokers in New York.

New York insurance regulators say they are tweaking the rules for broker disclosures in the state in response to criticism of its previous draft.

An insurance industry trade group has renewed its call to New York regulators to halt plans to implement new broker compensation disclosure rules.