In the wake of the brokerage price-fixing scandal, a survey ofcommercial insurance buyers' reports they are paying closerattention to their broker arrangements and making changes inmultimillion-dollar insurance programs.

The findings from a poll of risk managers at more than 500 U.S.and Canadian corporations and government entities were reported byNew York-based Advisen Ltd.

Almost half the buyers who participated in the survey said theyhad made some significant change in the relationship with theirincumbent broker--including replacing the broker or re-assigningsome portion of their program to a new broker--or are considering amaterial change in their current broker relationship over the next18 months, Advisen said.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.