A $900,000 no-bid contract awarded by the Illinois Division ofInsurance to a politically connected attorney for a study ofbrokerage contingency fees has become a state election campaignissue.
The matter was spotlighted when the Chicago-Sun Times reportedon the award of the contract to Myron "Mike" Cherry, a Chicagoattorney who has made political donations to Democratic Gov. Rod R.Blagojevich.
Joe Birkett, the Republican candidate for Illinois lieutenantgovernor, was quoted as calling it a "sweetheart contract" by thegovernor's administration.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 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.