By Mark Ruquet

NU Online News Service, May 11, 4:35 p.m. EDT–Aon said it will be able to take a tax deduction on its $190 million settlement with the New York Attorney General's office and others over alleged contingency fee abuses.

In a 10-K filing this week, the Chicago-based insurance broker said the settlement is considered fully tax deductible and, through a series of accounting principals, it will be reflected on its books as the settlement payments are made.

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