NYSE:AONInsurance
Aon (AON) Faces Lawsuit Over Alleged Fraudulent CPI Product And Vesttoo Collapse
Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy. This development coincides with Aon's exploration of selling Wealthspire Advisors and various executive appointments, such as Jo Ann Jenkins joining the Board. Meanwhile, the broader market saw mixed movements, with the Dow reaching new highs while other indices slipped slightly. Aon's 4% share...