HONOLULU–Insurers on a panel with risk managers at an industry meeting here evaded the question of why buyers haven't seen cost reductions now that contingency fees are not being paid to many brokers.
The question was raised by Ellen Vinck, RIMS president and vice president, risk management & benefits with BAE Systems Ship Repair, at a leadership panel at the annual Risk and Insurance Management Society conference here yesterday.
Ms. Vinck agreed that she, the client, should pay her broker for any services rendered, but that “I also feel there's a pot of money that hasn't come back to the insureds.” Her comment was followed by applause from the risk management audience.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
