Monday, January 31, 2005

Spitzer Kicks Ass, Again

Looking as presidential as ever (wishful thinking, no?), NY State Attorney General (and gubernatorial candidate, and possible presidential candidate) Eliot Spitzer settled with Marsh & McLennan, the insurance industry's biggest broker. MarshMac (a name used by those in the know, which I am definitely not) will be forced to pay $850 million in settlements, as well as promise to change their whole way of doing business. On the flip side, the company will not be fined nor penalized for its shady behavior.

Hmmm. . . I think I would have preferred to see the company out on its ass, but hey, I'm not the AG so maybe this is for the best.

P.S.
Insurance is overrated, DIY medicine is the best.

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