Willis Group Holdings Ltd., the world's third-largest insurance broker, agreed to pay $50 million to settle New York Attorney General Eliot Spitzer's investigation into kickbacks from insurers.
The money will compensate policyholders who got insurance through Willis between 2001 and 2004, Spitzer and Willis said in statements today. Willis joins the two biggest brokers, Marsh & McLennan Cos. and Aon Corp., in resolving allegations that they steered business to insurers that paid hidden fees.
No comments:
Post a Comment