USATODAY.com - Spitzer strikes again: "Spitzer strikes again
It didn't take long for New York Attorney General Eliot Spitzer to hit pay dirt. Just one month after he sent subpoenas to insurance companies asking a simple question � Had they participated in any bid-rigging schemes? � Spitzer has uncovered rampant corruption in the way large policies are sold to companies and governments.
Last Thursday, Spitzer filed suit against Marsh & McLennan, the nation's largest broker of corporate policies. He has also implicated several major insurers that work with Marsh and obtained guilty pleas from three industry executives. The suit against Marsh alleges that the broker steered unsuspecting companies to insurers who had secretly paid Marsh lucrative kickbacks for the business. And it claims Marsh solicited fake bids from compliant insurance companies to give the false impression of competitive bidding. Each practice drives up prices for consumers."
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