Marsh & McLennan settles NY state claim for US$850m

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US- Mercer parent company Marsh & McLennan (MMC) has agreed to pay compensation of US$850m to settle allegations of fraud and anticompetitive practices.

New York State Attorney General Eliot Spitzer had filed civil charges against MMC in October accusing subsidiary Marsh Inc. of placing clients with insurers with which it had compensation agreeme...

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