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.

Rutherfoord, a Richmond, Va.-based risk management and insurance brokerage firms, has promoted John C. Stanchina to company president.

The New York Attorney General’s Office has withdrawn felony monopoly charges against two former Marsh & McLennan Cos.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.

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

After many years of bearish reviews, FBR insurance analyst Bijan Moazami has given  thumbs up to Marsh & McLennan and its relatively new CEO, Brian Duppereault, according to the Wall …  Read →

A subsidiary of the Marsh insurance brokerage is buying one of the largest regional insurance brokerages in New England, an acquisition that will make Marsh & McLennan Agency the country’s 12th largest insurance agency.

The folks at Willis Group, parent company of Willis HRH, are hoping to promote the brokerage’s decision not to accept contingent commissions, using a new media campaign and website to argue that its competitors who do accept the payments are “conflict-prone.”

Twenty-six public entities in Ohio, including several public schools and colleges, will benefit from $9 million American International Group plans to pay to settle a lawsuit claiming violations of the state’s antitrust laws.

In a move it says “dramatically accelerates its national growth,” Marsh & McClennan Agency has acquired Roanoke, Va.-based Thomas Rutherfoord Inc., one of the nation’s largest independently owned firms.

One thing is certain when New York insurance regulators enact their new broker compensation and disclosure rules: Chaos will follow because a number of situations are closely tied to their implementation.