'Spitzer risk' a threat to unruly firms

Regulatory Update

The announcement of a lawsuit by Spitzer wiped 42% off Marsh's stock market value, and has resulted in the sacking of several top executives, including the chief executive officer. Legal costs, according to Wall Street analyst estimates, could reach $400 million in the next two years, while government fines and other penalties could reach $700 million or more. Aon and other insurers are accused of tying – steering business to insurance firms that agreed to purchase reinsurance from them – in a

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