Where Is The Outrage?
If I were a risk manager and heard that brokers were accused of colluding with insurers behind the backs of clients to artificially boost premiums, I would be furious! I would be banging on my own brokers desk, demanding documentation that my account had been objectively shopped. I would be on the phone to the Risk and Insurance Management Society, demanding to know what my association was doing about this!
How strange it is, then, that risk managers and RIMS have been so quiet in the wake of New York Attorney General Eliot Spitzers explosive allegations of bid-rigging and fee abuse.
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