Brokers Face Biggest Pro Liability Challenge Spitzer suit will impact business practices, but effect on pricing seen as limited
How can participants in the professional liability industry possibly hold themselves out to directors and officers, professional firms and large organizations as being knowledgeable about managing and addressing their exposures in the wake of the broker-insurer bid-rigging scandal? “How can we expect our clients to have confidence in us when it?s so clear that we have neither business sense nor an ethical compass?”
Those were the rhetorical questions that one professional liability insurance expert raised in a discussion with National Underwriter about the implications of New York Attorney General Eliot Spitzer's investigation and lawsuit against Marsh & McLennan.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
