MORE CLAIMS BY HARMON
...Continuing allegations of Bribes, Bid-Rigging, Fraud, Kick-Backs, Racketeering and Unfair Claims Settlement Practices involving ACE, AIG, Aon, Marsh & McLennan, Chubb Group, PricewaterhouseCoopers, St. Paul Travelers, XL Insurance (Bermuda), Kamehameha Schools/Bishop Estate, The American Arbitration Association and similar birds of a feather.
A Sighting from The Catbird Seat
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THE CHUBB GROUP
(FEDERAL INSURANCE COMPANY)
(John D. Finnegan; Clyde Matsui, Esq; Paul Breslin, Archer, McComas, Breslin, McMahon & Chritton; Ross, Dixon & Bell,LLP)
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Equity 2048 -The Richards Report
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IRS Closing Agreement for Kamehameha Schools
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* www.kycbs.net/DOJ-8-9-3.htm *
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May 19, 2009
RE: CV05-00030 - U.S. Dept of Justice, David C. Farmer, Trustee vs. Bobby N. Harmon - New Exhibit: "Marsh & McLennan & AON have participated for decades in fraud and bid rigging..."
Bobby N. Harmon, CPCU
"President Barack Obama" <email@example.com>, "U.S. Attorney General Eric Holder" <AskDOJ@usdoj.gov>, "David Farmer" <firstname.lastname@example.org>, "Steven Guttman" <email@example.com>, "Carol K. Muranaka" <firstname.lastname@example.org>, "Judge David A. Ezra" <email@example.com>, "Judge Kevin S.C. Chang" <firstname.lastname@example.org>, "Judge Barry M. Kurren" <email@example.com>, "Securities & Exchange Commission Enforcement Division" <firstname.lastname@example.org>, "U.S. Treasury Dept. Office of Inspector General" <email@example.com>, "Office of Inspector General US Dept of Justice" <firstname.lastname@example.org>, "Executive Office for U.S. Trustees" <email@example.com>, "Judge Robert Faris" <firstname.lastname@example.org>, "SEC Office of The Inspector General" <email@example.com>, "Hawaii State Bar Association" <firstname.lastname@example.org>, "Charles Goodwin" <HONOLULU@FBI.GOV>, "Hugh Jones" <email@example.com>, "Insurance Division Fraud Branch" <firstname.lastname@example.org>, "Lawrence Reifurth" <email@example.com>, "Linda Lingle" <firstname.lastname@example.org>, "Jo Ann Uchida" <email@example.com> ...
California Insurance Fraud Attorneys
The Law Offices of Nadrich & Cohen, LLP, a successful and aggressive California and nationwide law firm is seeking appropriate companies and/or individuals who have utilized Marsh & McLennan or AON as their insurance brokers for placement of insurance policies. Marsh & McLennan & AON have participated for decades in fraud and bid rigging by placing its clients' insurance with certain carriers solely to obtain additional commissions undisclosed to their clients. What Marsh & McLennan and AON clients did not know was that a secret commission was paid to Marsh & McLennan or AON for their insurance placement in addition to the disclosed brokerage fee.
Unlike markets for securities, commodities, and other financial products, commercial insurance is bought and sold in private. Insurance brokers such as Marsh & McLennan & AON are no more than middle-men who match up buyers and sellers in return for a cut of the transaction. Marsh & McLennan is the leader in selling property casualty coverage to businesses around the world. Industry wide, premiums paid last year just in the United States totaled $176 billion.
The bid-rigging scheme worked as follows: Marsh & McLennan or AON steered business toward certain insurance companies at designated prices. They then would solicit additional artificial higher fake bids from other companies to give the appearance to the client of real bidding. Marsh & McLennan did this even as it claimed in public statements that its "guiding principles" was to consider its clients' best interests "first and foremost."
By this activity, Marsh clearly did not consider its client's best interest "first and foremost."
The kick-back scheme worked as follows: Insurance brokers such as Marsh & McLennan & AON received directly from insurance companies additional secret commissions over and above their ordinary commissions. These commissions were paid for steering volume business to a particular company's way. Insurance companies called these fees "contingent commissions" or "market service agreements". The client never knew.
Critics call these commissions for what they are:
These improper fee arrangements date back for decades. Many insurance industry executives say it was known to select insiders that these arrangements were in place in order to boost insurance brokers' revenue.
However, these payments were never disclosed to the insured/client to which the brokers owed a fiduciary duty to. Critics and New York Attorney General Eliot Spitzer maintain these practices are poorly disclosed and are a conflict of interest for brokers ostensibly acting on a policy holder's behalf.
Attorney General Spitzer has obtained documentation of employees of AIG who supplied fake quotes to provide the illusion of competitive bidding for Marsh & McLennan clients knowing; at all times, that another insurance company would nonetheless win the bid. Attorney General Spitzer's investigation includes AIG Insurance Company, Bermuda based Ace Insurance Company, Hartford Insurance Company and others.
Marsh & McLennan received $800 million in revenue from contingent commissions in 2003 - the equivalent of more than half of its $1.5 billion income.
Marsh & McLennan cheated its own corporate clients by rigging bids and wrongfully collecting huge fees from insurance companys for throwing business their way. They purposefully did not disclose these fees to their clients. If this occurred to you and/or your company, please immediately contact our experienced insurance class action law firm as we are vigorously investigating a class action against Marsh & McLennan and AON.
The effect of contingent commissions are that they wrongfully reward brokers for hitting profit or volume targets and thus provide brokers a financial incentive to choose one company over another, even if the other company offered a better price or better terms.
Nadrich & Cohen, LLP and co-counsel are actively interviewing Marsh and AON's clients for purposes of bringing a civil lawsuit against Marsh & McLennan and/or AON. The lawsuit's basis will be that the incentive fees or contingent commissions or placement service agreements paid in exchange for sending more business to an insurance company's way were in reality, wrongful commissions which defrauded the policy holder by not intentionally providing the policy holder with the best deal possible. The cost of insurance was also artificially raised, forcing buyers to pay higher premiums, thus further cheating buyers.
The lawsuit will seek to have contingent commissions declared illegal, recover damages for Marsh customers and forces Marsh & McLennan to give up illegal profits.
Nadrich & Cohen, LLP and its co-counsel are pursuing a separate class action to demand reimbursement to Marsh & McLennan stock investors because Marsh's wrongful actions devalued the price of the stock.
The Law Offices of Nadrich & Cohen, LLP is seeking clients of Marsh & McLennan who were victims of the undisclosed contingent commission bid-rigging and other anti-competitive activities. We strongly believe Marsh's actions harmed its clients by keeping their insurance prices artificially inflated.
Our law firm is an experienced and aggressive insurance fraud law firm actively seeking policy holders who purchased insurance through Marsh & McLennan or AON, Inc.
Companies that we know who are involved in the bid-rigging process included AIG or American International Group, Hartford Fire Insurance Company, Chubb Indemnity Corp., and other insurances.
If you or your business purchased insurance through Marsh & McLennan of AON, please contact us immediately. Nadrich & Cohen, LLP works on a contingent fee basis only. We are paid a fee only if we obtain a recovery. If we do not obtain a recovery our clients owe us nothing for our services.
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May 19, 2009
Dear President Obama, Attorney General Holder, Trustee Farmer, Mr. Guttman, and All Concerned:
Due to the discovery of new facts, I am adding the subject Exhibit as it relates to this lawsuit which violates my Constitutional Rights of Free Speech and a Fair Trial, and Federal and Hawaii Anti-SLAPP statutes. You will find related information on-line at:
In view of all the facts that I have presented in this and hundreds of other Exhibits and witness descriptions, it is beyond comprehension that former Attorney General Alberto Gonzales; Assistant U.S. Trustees Curtis Ching, Gayle Lau and Carol Muranaka; Judges Eden Hifo (fka Bambi Weil), Kevin Chang, David Ezra, Barry Kurren, Lloyd King and Robert Faris; Trustees Mary Lou Woo, James Nicholson and David C. Farmer; American Arbitration Association arbitrator Judith Neustadter Fuqua, attorney Steven Guttman, and others, can still claim that they were non-conflicted, fair, impartial, and unbiased in this case.
Mr. Farmer and Mr. Guttman, in spite of all this factual evidence (not just "political opinions" or "conspiracy theories" as you have previously alleged), I am again asking that we attempt to reach a global settlement of this matter through confidential negotiation or mediation rather than continuing these costly and seemingly-endless court proceedings.
However, if you, and your insurance carriers, are still not willing to attempt to negotiate or mediate a settlement, then I ask that you perform your mandated review of this new Exhibit in accordance with Judge Ezra's Order, and advise me if you find it contains any so-called "protected subject matter", and whether or not you intend to OBJECT to my filing a Motion to reopen this case.
I respectfully request your immediate reply. If I do not receive a response from you or your insurance carrier within 15 days, I will assume that you have found no "PSM" in these updated pages, and that you will NOT file any objections to my Motion.
Very truly yours,
Bobby N. Harmon, CPCU, ARM
This is a branch from
Confessions of a Whistleblower
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For some more “birds of a feather” that you’ll also
find building nests in this tree...
ACE UP THE SLEEVE
AIG: THE AMERICAN IDOL OF GREED
ALEXANDER & BALDWIN
ALLIED WORLD ASSURANCE
ALOHA, HARKEN ENERGY!
THE POOP ON AON
BANK OF AMERICA
BANK OF HAWAII
BANK OF HONOLULU
BCCI: THE BANK OF CROOKS & CRIMINALS INTERNATIONAL
THE BLACKSTONE GROUP
BROKEN TRUST BOOK
BUZZARDS OF PARADISE
CENTRAL PACIFIC BANK
THE CHUBB GROUP
CITIGROUP: VAMPIRES IN THE CITY
A CONNECTICUT YANKEE IN KING KAMEHAMEHA’S COURT
DIRTY MONEY, DIRTY POLITICS & BISHOP ESTATE
Part I - Part II - Part III - Part IV - Part V - Part VI - Part VII
THE FIRING OF EVAN DOBELLE
FIRST HAWAIIAN BANK
THE GRAND (and dirty) KO OLINA
CENSORED > THE HARMON ARBITRATION < CENSORED
THE HARMON CHRONICLES-1988-1996
THE HARMON CHRONICLES-1997-1999
HARMON’S LETTERS TO THE FBI
HARMON’S LETTER TO THE IRS
HAWAIIAN INSURANCE COMPANIES
HOW TO PLUCK A BILLIONAIRE
HOW TO PLUCK A NON-PROFIT
I SING THE HAWAIIAN ELECTRIC
KAJIMA: BLOOD, BRIBES & BRUTALITY
THE KAMEHAMEHA SCHOOLS PENSION PLAN
KEMPER INSURANCE COMPANIES
MARSH & McLENNAN: THE MARSH BIRDS
MARSH & McLENNAN’S MERCER CONSULTING SERVICES
MARSH & McLENNAN’S PUTNAM INVESTMENTS
MARSH & McLENNAN’S TRIDENT FUNDS
THE MYTH & THE METHANE
THE NESTS OF CB RICHARD ELLIS
NESTS OF THE INSURANCE VAMPIRES
NEW SONGS BY THE WHISTLER
POINTING THE FINGER AT WORLDPOINT
PREDATORS IN PARADISE
THE PRUDENTIAL: A NEST ON SHAKY GROUND
THE QUEEN LILIUOKALANI TRUST
RICO IN PARADISE
THE RISE & FALL OF SUMMIT COMMUNICATIONS
ROTH: TIME FOR CLEAN SWEEP AT BISHOP ESTATE
THE ROYAL & SUN ALLIANCE
THE SILENCE OF THE WHISTLEBLOWERS
SUKAMTO SIA: THE INDONESIAN CONNECTION
THE TORCH OF ERIC SHINE
VULTURES IN BLACKWATER
THE VULTURES IN MAUNAWILI VALLEY
VULTURES IN MID-OCEAN
THE WEINBERG FOUNDATION
TRANSYLVANIA TRAVELERS IN ST. PAUL
VULTURES IN THE MEADOWS
VULTURES OF THE SANDWICH ISLES
WHAT PRICE WATERHOUSE?
WILLIAM SIMON SAYS...
YAKUZA DOODLE DANDIES
ZEROING IN ON ZURICH FINANCIAL SERVICES GROUP
MORE OF THE CATBIRD’S FAVORITE LINKS
THE CATBIRD SEAT FORUM
THE CATBIRD SEAT
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Originally posted Jul 10, 2004, by The Catbird
Latest Update May 19, 2009, by The Catbird
November 12, 2001: Originally posted on www.the-catbird-seat.net
March 13, 2007: The U.S. Dept of Justice gets Order by Judge David A. Ezra to shut down website
May 19, 2009: Latest update on the phoenix website www.kycbs.net
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