An executive with Liberty International Underwriters pleaded guilty in Manhattan Criminal Court today to charges he was involved in bid-rigging with the Marsh insurance brokerage.
Kevin Bott, 36, of Middletown, N.J. was the fifth person in the last two weeks to confess to charges developing from New York Attorney General Eliot Spitzer's ongoing probe of the insurance industry. It was the first court action to link Liberty to criminal activity.
Since the investigation went public in October 2004, a total of 16 individuals working at four insurers and Marsh have entered pleas. In addition to Mr. Bott at Liberty, seven were employed at Marsh, four at American International Group, three at Zurich American Insurance Company and one at ACE Ltd.
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