Marsh & McLennan Companies Inc. (MMC) announced that Marsh Inc., its risk and insurance services subsidiary, is taking steps to collect all amounts owed to it by insurance markets under market services agreements (MSAs) that were in effect prior to Oct. 15, 2004, when Marsh announced it was terminating the practice.
The company said it will place amounts collected into a segregated account to be used in connection with any restitution agreement it may reach with the Attorney General of the State of New York. As of Sept. 30, 2004, such amounts were approximately $230 million
Was this article valuable?
Here are more articles you may enjoy.
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Trump Approves Disaster Requests for at Least 7 States; Others Wait 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
