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Aon Corp., the world’s second-biggest insurance broker, said Monday it was in talks with New York Atty. Gen. Eliot Spitzer about “new business practices” as it responded to his subpoenas about alleged industry kickbacks. Aon is one of dozens of brokers and insurers to receive subpoenas from Spitzer, who sued Aon’s larger competitor, Marsh & McLennan Cos., on Oct. 14, alleging that it colluded with insurance companies to receive payoffs and rig prices.
Aon made reference to possible business changes in a statement that said some employees hadn’t followed the company’s code of conduct. Aon said it was investigating the matter internally.
Shares of Chicago-based Aon fell 26 cents to $22 on the New York Stock Exchange.
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