With all the attention on contingent commissions surroundingfour major insurance brokerage firms, little note was paid to onebroker's public declaration it has abandoned taking the fees.

With no fanfare, Palmer & Cay decided late last year to dropcontingent commissions and placed a notice on its Web site to thateffect.

In it, the broker said that in response to "recent concernsassociated with contingent income commissions" it has "discontinuedall contingent income agreements."

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 2024 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.