How much does it cost to shake off Eliot Spitzer, New York's tireless attorney-general? For Marsh & McLennan, the world's largest insurance broker, the answer is $850m. On January 31st Marsh agreed to pay that sum to settle civil charges of rigging bids for insurance contracts and sending clients to favoured insurers, in a suit brought by Mr Spitzer and New York state's insurance superintendent. Marsh will pay no fines. Instead, all the money will go into a fund to compensate policyholders in several instalments, ending in 2008.
展开▼
