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January 10, 2005
Marsh & McLennan ready to pay $1bn to settle Spitzer lawsuit
Marsh & McLennan is in the final stages of hammering out an agreement with US regulators which could see the world's largest insurance broker hand over about $1bn in fines and compensation to settle charges that it defrauded clients.
An announcement of the settlement is expected within the next few weeks.
Posted by Tom Troceen