Marsh & McLennan May Oust CEO Amid Insurance Probe

New York Attorney General Eliot Spitzer’s all-out assault on insurance firms may claim a casualty at the top of the nation’s No. 1 insurer, Marsh & McLennan, The Wall Street Journal reports.

Jeffrey Greenberg, Marsh’s CEO, may leave due to Spitzer’s probe into its business practices, according to people familiar with the firm’s operations. According to the Journal, 10 outside directors met and discussed the investigation, and one of the topics that came up was Greenberg’s 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.

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