FRANKFORT, Ky. - The Kentucky Supreme Court held Jan. 21 that a professional malpractice claim against an insurance agent and insurance broker may be assigned and that the agent and broker can be bound by an award in arbitration that did not include their participation (Associated Insurance Service Inc. and AON Risk Services Inc. of Ohio v. Daniel Garcia M.D. and Rita Garcia, Nos. 2008-SC-000037-DG & 2008-SC000044, Ky. App.; 2010 Ky. LEXIS 21). From Mealey's Litigation Report: Insurance Broker Liability

NEW YORK - A federal judge in New York approved a $400 million settlement on Dec. 23 resolving a securities lawsuit alleging Marsh & McLennan Cos. Inc.'s participation in a scheme involving client steering for the purpose of contingent commissions (In re Marsh & McLennan Cos. Inc. Securities Litigation, No. 04-8144, S.D. N.Y.; 2009 U.S. Dist. LEXIS 120953). From Mealey's Litigation Report: Insurance Broker Liability