AJ Gallagher Internal Audit Finds No Improprieties

Arthur J. Gallagher & Co. says that a recently completed internal investigation has found no evidence of any illegal or improper activity, as alleged by New York Attorney General Eliot Spitzer, and other entities, against rival Marsh & McLennan Cos. Inc. The widely publicized investigations have unveiled abuses by Marsh and other companies in commission based commercial policy brokerage where employees from competing insurers were bribed with kickbacks to alter a carriers bid to come in higher, so that Marsh could convince a client to purchase insurance that would provide it with a larger com...