Attorney general to sue insurer

New York Attorney General Eliot Spitzer is suing Marsh & McLennan, the world’s number one insurance broker, for steering unsuspecting clients to certain insurers in exchange for lucrative payoffs.

The lawsuit, which alleges the manipulation has occurred since the late 1990s, also implicated Hartford Financial Services Group, American International Group, the world’s largest insurer by market value, Chubb and Bermuda-based ACE, as well as a Munich Re unit.

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