How Can Buyers Keep Their Brokers Honest?

With all the talk these days about investigations intobid-rigging and contingency fee abuse by major brokers andinsurers, how can a risk manager be certain their brokers aregiving them the best coverage for the lowest price?

Red flags that insurance buyers should look for include brokerswhose prices rise against market trends and who balk at disclosingtheir compensation, one risk management expert cautioned.

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