Violation Tracker Individual Record

Company: 
Willis Group Holdings Ltd.
Current Parent Company: 
Willis Towers Watson
Penalty: 
$50,000,000
Year: 
2005
Date: 
April 7, 2005
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Insurance broker Willis agreed to pay $50 million to settle allegations that it unlawfully deceived clients by steering business to favored insurance companies, and soliciting fictitious bids to assure that insurance policies were placed to benefit insurers.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Attorney General
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
Britain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.