Brokers Defend Contingency Fees Disclosure emphasized; clients best interest remains priority

The heads of some of the country's major insurance brokerages are publicly defending their contingency fee arrangements with carriers in light of New York State Attorney General Eliot Spitzer's subpoenas probing the practice.

David L. Eslick, chairman, president and chief executive officer for U.S.I. Holdings Corp., said the awarding of contingency fees by insurers is a long-standing practice that ultimately helps clients receive the best deal possible.

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