Marsh & McLennan Cos., the world's largest insurance broker, has been sued by New York Attorney General Eliot Spitzer based on allegations that Marsh steered clients to favored insurance companies and worked with major insurers to rig the bidding process for property-casualty insurance coverage. The civil complaint alleges that Marsh cut deals with insurers such as American International Group Inc., Ace Ltd. and others. In certain instances, it is alleged that Marsh singled out one insurer to receive business while urging others to enter high bids. Spitzer has secured guilty pleas on criminal charges against an AIG executive and an Ace executive for their roles in the alleged scheme.

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