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Doing The Time Warp

When I heard that major insurance brokers were being subpoenaed in a probe of their contingency fee arrangements with carriers, I thought I had stumbled into a time machine and awoken in 1998! That was the year you-know-what hit the fan about whether side deals between intermediaries and insurers were influencing the placement of coverage to the detriment of risk managers, who were often oblivious about the existence of such sweeteners.

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