Chicago-based Aon Corp., the world’s No. 2 insurance broker, said it is negotiating with lenders to access about $890 million in credit should Spitzer choose the company as his next target, according to Bloomberg News and the Associated Press. Aon records have already been subpoenaed in the matter, and it is under investigation by several other states. The company’s market value has dropped by 25 percent since Spitzer announced his suit against Marsh for rigging bids and misrepresenting its commission structure to clients. Aon CEO Patrick Ryan said an internal investigation has not yet discovered any activity similar to the bid-rigging found at Marsh.
Was this article valuable?
Here are more articles you may enjoy.
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal
Husband and Wife Insurance Brokers Sentenced for Fraud Scheme 


