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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (13449)10/14/2004 2:11:54 PM
From: mishedlo   of 116555
 
AIG is getting clobbered over this.
cbs.marketwatch.com

2:54pm 10/14/04

New York Atty Gen files charges against insurance firms (MMC, CB, HIG, AIG) By August Cole
NEW YORK (CBS.MW) -- The New York Attorney General's office has filed charges against Marsh & McLennan (MMC) , Chubb Corp. (CB) , Hartford Financial Group (HIG) , American Internationl Group Inc. (AIG) , and Munich American for steering insurance business to preferred underwriters in return for payments. Two executives from AIG admitted to antitrust fraud, New York Attorney General Eliot Spitzer said Thursday during a televised press conference.
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