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Marsh To Pay $2.4M To Settle Conn. Kickback Claims

Law360 (May 6, 2009, 12:00 AM EDT) -- Connecticut Attorney General Richard Blumenthal has reached a $2.4 million settlement with insurance broker Marsh & McLennan Cos., marking the latest deal in the state's long-running probe into antitrust violations in the insurance industry.

Blumenthal revealed Tuesday that a deal had been struck with the insurance giant, which allegedly masterminded the scheme, putting to rest allegations of bid-rigging, price-fixing and illegal kickbacks in the Connecticut insurance industry dating back to 2005.

“This settlement — long-sought and hard-fought — provides money to Connecticut taxpayers for a pervasive...
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