Insurance buyers troubled by broker u-turn on fees
The Risk and Insurance Management Society Risk has called on members to evaluate the level of transparency and full disclosure in their broker relationships, vocalize their concerns and hold their providers accountable. It follows findings that some brokers are considering accepting placement fees again.
The society accpets that "much has changed since RIMS issued its August 2005 statement on industry compensation and placement practices"In a statement it added: "In response to regulatory matters and
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