Aon Agrees to Settle for $190 Million; Settlement Ends Probe Into Anticompetitive Business Practices
Telegraph - Herald (Dubuque) › March 05, 2005
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Summary
ALBANY, N.Y. (AP) - Companies that bought property and casualty insurance through Aon Corp. will receive $190 million in restitution under a settlement announced Friday that ended an investigation into anticompetitive business practices.
Chicago-based Aon, the nation's No. 2 insurance brokerage, will provide the money over three years. Aon also agreed to end the practice of soliciting incentive fees under the agreement with New York, Illinois and Connecticut.See the full content of this document
Extract
Aon Agrees to Settle for $190 Million; Settlement Ends Probe Into Anticompetitive Business Practices
Aon executives said Friday they hoped the settlement will cover inquiries in as many as 17 other states so the firm can move forward.
The agreement, announced by New York Attorney General Eliot ...See the full content of this document
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