Mr. Loeb gave me much information about various improper practices in the insurance business.
Some invention promotion firms have been found to engage in improper and deceptive practices.
In July 2005, the company acknowledged their improper promotional practices and agreed to pay a $10 million fine.
But board members must take their oversight responsibility seriously and stop improper practices.
While he has not been directly accused of wrongdoing, his critics say he did nothing to stop the improper practices.
Two weeks ago, he said that he was unaware of improper practices at Marsh.
"We want to make it clear that any improper practices will not be condoned by the company."
Allegations of improper practices are also cited in a lawsuit against the city brought by a previous developer whose project was rejected.
Last week, the company acknowledged its improper promotional practices and agreed to pay a $10 million fine.
There are, however, calls far and wide to outlaw this improper competitive practice.