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Violation Tracker Individual Record

Company: Marsh & McLennan Companies, Inc.
Current Parent Company: Marsh & McLennan
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $850,000,000
Year: 2005
Date: January 31, 2005
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Insurance brokerage firm Marsh & McLennan agreed to pay $850 million to settle multistate allegations that it engaged in bid rigging, price fixing and the use of hidden incentive fees.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.