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Spitzer Charges Marsh & McLennan in Insurance Racket

Stock quotes in this article: MMC , AIG , HIG , CB , ACE , AON , AET , WSH  

Updated from Oct. 14

Eliot Spitzer took aim at the insurance industry Thursday, charging a big broker in an alleged price-fixing scheme. The move continued to depress insurers' shares early Friday after huge declines Thursday.

The New York state attorney general alleged at a midday news conference that Marsh & McLennan (MMC Quote), one of the nation's biggest insurance brokers, had led an industrywide kickback and price-fixing scheme. ...

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