New York Attorney General Eliot Spitzers all-out assault on insurance firms may claim a casualty at the top of the nations No. 1 insurer, Marsh & McLennan, The Wall Street Journal reports.
Jeffrey Greenberg, Marshs CEO, may leave due to Spitzers probe into its business practices, according to people familiar with the firms operations. According to the Journal, 10 outside directors met and discussed the investigation, and one of the topics that came up was Greenbergs future.
The report comes one week after Spitzer sued Marsh for allegedly pointing customers toward the companies giving the insurer the largest kickbacks, instead of looking for better prices.