Two Marsh brokerage employees and an underwriter at Zurich American Insurance pleaded guilty yesterday in New York Criminal Court to felony charges related to commercial insurance bid rigging.
Court documents revealed that among the evidence compiled against them by the New York Attorney General's Office was an e-mail from a broker asking an underwriter to provide a "fake" quote.
The three who pleaded are the latest persons charged in New York Attorney General Eliot Spitzer's ongoing investigation of the insurance industry and bring to six the number of executives and other staff at Marsh who have admitted to participating in bid-rigging activity.
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