Marsh, Insurance Cos. Hit With Suit By Ohio AG

Law360 (August 28, 2007, 12:00 AM EDT) -- After a three-year investigation, Ohio Attorney General Marc Dann filed suit Friday against Marsh & McLennan Cos. Inc., the largest insurance brokerage in the world, and four other large insurance companies, alleging violation of the state’s antitrust laws.

In a complaint filed in the Cuyahoga County Common Pleas Court, Dann claimed that Marsh conspired with American International Group Inc., Ace Ltd., the Chubb Corp., the Hartford Financial Services Group Inc. and their subsidiaries to eliminate competition and restrain trade in the commercial casualty insurance market....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.