NEW YORK -- Insurance brokerage giant Marsh & McLennan Cos. Inc. announced Nov. 13 that it had reached an agreement for $400 million to settle a consolidated class action filed in 2004 over alleged securities law violations made in connection with an alleged illegal bid-rigging scheme (In re Marsh & McLennan Cos. Inc. Securities Litigation, No. 04-8144, MDL No. 1744, S.D. N.Y.). From Mealey's Litigation Report: Insurance Broker Liability

LONDON - An insurance broker breached its duties by failing to renew $10 million excess coverage for a professional indemnity insurance policy as requested by the policyholders, an English justice held Nov. 18 (Dunlop Haywards Ltd. formerly known as Dunlop Heywood Lorenz Ltd. in liquidation v. Barbon Insurance Group Ltd. formerly known as Erinaceous Insurance Services Ltd. formerly known as Hanover Park Commercial Ltd., No. 2007 Folio 1059, High Justice, Commercial, QBD). From Mealey's Litigation Report: Insurance Broker Liability