Spitzer: 8 Former Insurance Execs Indicted

[Nite Owl]

ALBANY, N.Y. (AP) -- New York Attorney General Eliot Spitzer on Thursday announced that a grand jury has indicted eight former executives of insurance brokerage Marsh & McLennan Companies Inc. on felonies involving bid rigging that cost corporate customers millions of dollars.

The former executives of Marsh & McLennan -- the nation's largest brokerage, headquartered in New York -- were accused of colluding with executives at major insurance companies to arrange noncompetitive bids. These bids then were given to Marsh & McLennan clients "under false pretenses," according to Spitzer's statement.

"These are very senior executives within the Marsh hierarchy," Spitzer said. "Not only was it wrong, it was harmful to the economy. ... There is simply no responsible argument in favor of rigging bids, stifling competition and cheating."

http://biz.yahoo.com/ap/050915/insurance_probe_marsh.html?.v=7

[TerdlowSmedley]

1. Spitzer for Governor.

[napi21]

3. Is he going to run? I've read a few posts saying he was thinking about it

but nothing reasomably sure.

[Nite Owl]

5. He's definitely running

has had his website up for months.

[napi21]

6. OH, I whish I lived in NY!!!! As an outsider, I will do anything I can

to help him win! He's really a good guy, and I think he's just what NY needs!!! Hell, he's what the Country needs!

[napi21]

2. Gooooo Eliott!!!!! This guy is GOOD!

He's like a Rottie, and when he gets hold of his prey, he won't let go till they're down!!!

[Fridays Child]

4. Stay tuned...

I don't think he's even begun.

[shavedape]

7. this guy is presidential material

all the good ones are from new york!

[AX10]

8. Spitzer 06'!

[Just Me]

9. My very favorite white collar crime buster!!!!

Spitz is awesome!!!

[cygy2k]

10. nm

I work at Marsh and can tell you this guy is a real creep.

[goforit]

11. Whooo Hoooo!!!.......Go Spitzer!!!!....