Gallagher Drops Incentive Fees, Gets Subpoena
Arthur J. Gallagher announced last week that it will end the practice of taking contingency commissions as a retail broker by the beginning of next year and that it has received a subpoena from Connecticuts attorney general concerning possible antitrust violations.
The Itasca, Ill.-based insurance broker said Connecticut seeks information concerning possible violations of the states antitrust laws in connection with the solicitation of bids for insurance.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
