With all the attention on contingent commissions surrounding four major insurance brokerage firms, little note was paid to one broker's public declaration it has abandoned taking the fees.
With no fanfare, Palmer & Cay decided late last year to drop contingent commissions and placed a notice on its Web site to that effect.
In it, the broker said that in response to "recent concerns associated with contingent income commissions" it has "discontinued all contingent income agreements."
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