Behind Closed Doors

Despite preaching the need for disclosure and transparency inbroker compensation, the Risk and Insurance Management Society lastweek banned the press from covering a morning-long session on thecontingency fee scandal at its annual conference.

To help its members cope with the new emphasis on accountabilityand make sense of whatever information might be disclosed, RIMSdevoted a two-part, three-hour session to “Broker Contingency Fees,What You Should Know.” A panel of experts, RIMS said, would “reviewtypes and amounts of contingency fees involved in placement serviceagreements” as well as “examine insightful legal and ethical issuesin evaluating broker services.”

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