Analyst: Marsh Okay Without Insurer Fees
NU Online News Service, Jan. 7, 1:12 p.m. EST?Marsh brokerage should be able to make up some of the revenue it will lose in giving up controversial insurer incentive payments by charging insurers higher commissions up front, according to an analyst.[@@]
The firm announced in October it would not accept insurer fees after New York Attorney General Eliot Spitzer charged in a civil suit against the Marsh parent, Marsh & McLennan Companies, that the fees were payoffs for steering business to insurers who were part of a Marsh price-fixing scheme.
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