Washington–The Washington, D.C. attorney general said Marsh & McLennan Companies Inc. has agreed to be monitored by the District authorities to ensure its compliance with the national business reforms it agreed to with the state of New York earlier this year.
Under a settlement agreement announced last week, D.C. Attorney General Robert Spagnoletti and his staff will have "ready access" to employees at MMC's Marsh brokerage unit and its business records to determine "whether the company is adhering in the District to the promised reforms."
The reforms include avoiding practices that could facilitate bid-rigging, such as requesting insurers to submit fictitious bids to clients, Mr. Spagnoletti said.
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