Aon will soon become the third major insurance brokerage toamend a settlement agreement with New York regulators, in which itwas forced to stop accepting certain contingency-based commissions,a state official confirmed.
Aon will have a new agreement “shortly,” according to JohnRothblatt, assistant deputy superintendent and counsel for the NewYork Insurance Department.
He explained that the Aon change has taken longer because theirsettlement agreement involved the states of Illinois andConnecticut as well.
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.
