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Essay

Ethics

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

James W

 

Date added:

October 17, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 693

 

Was viewed:

5480 times

 

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Essay content:

Eliot Spitzer, the New York Attorney General, has spear headed investigations into several companies where contingent commissions and bid-rigging were used to gain business for certain companies. The insurance companies would give the brokers, such as Marsh & McLennan, a kickback in the form of contingent commissions for placing business with them...
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Marsh & McLennan was also found to bid rig premium quotes in which they would submit inflated competing quotes so as to place insurance with their favored carrier meeting their quotas to qualify for the contingent commissions. This practice harms the customer as they wind up paying a higher premium for their policy than is necessary...
displayed 300 characters

General issues of this essay:
Are Public companies more unethical than Private companies? Canadian Life Insurance Industry Discuss the management problems facing multinational companies and companies with an international dimension in various parts of the world Ethics in Insurance Federated Insurance Companies Financial Performance of the most successful companies in the industry Indian Insurance Industry: An Industry Competitive Analysis Inidian Insurance Industry Misconceptions Of Insurance Companies Review Of Capital Adequacy Requirements For Operational Risk (Orca) For Insurance Companies Risk Management In Insurance Industry smaller companies effect on larger companies International Investment in US Insurance Industry Analysis of Ethics in Insurance Ethical Issues with Fast Food Companies
 

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