Aon Sets Up $50M Settlement Fund
 In spite of stock-price rise, broker future remains rocky, analyst says

Aon Corporation said it has set up a $50 million fund to settle allegations stemming from the multistate probe of contingency fees, driving net income down 12 percent for the fourth quarter.

In its year-end financial report, the Chicago- based insurance broker said it was setting up the fund to settle any allegations from the investigation begun by New York Attorney General Eliot Spitzers office late last year and now pursued by other states. Of the $50 million liability reserve, $43 million is being allocated to the Risk and Insurance Brokerage Service segment, and the balance to its consulting arm.

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