Rims “dismayed” at contingent commissions decision
The Risk and Management Society has expressed its dismay at the New York Insurance Department and Attorney General’s decision to allow brokers Aon, Willis and Marsh to accept contingent commissions.
Contingent comissions have been criticised as conflicts of interest that hurt consumers. The once-secret payments from insurers had prompted bid-rigging probes from Eliot Spitzer, former New York
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