The SNL insurance broker index, which includes every public insurance company in the U.S., lost more than a quarter of its value since New York Attorney General Elliot Spitzer announced his investigation into contingent commissions and bid rigging. In response, several large brokers abolished or suspended the commissions including Marsh and McLennan (MMC), Aon (AOC) and Willis Group (WSH). Marsh and McLennan shares recently staged a modest recovery upon the news that CEO Jeffrey Greenberg would step down.
– John Leonard
Research Analyst, SNL Financial, www.snl.com/insurance/
Was this article valuable?
Here are more articles you may enjoy.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
AM Best Upgrades Credit Ratings of Missouri’s Columbia From This Issue
