Controversy caused by investigations into the conduct of large brokers has had at least one very positive outcome, according to the leader of a major brokerage firm.

“There has been one thing that has come out of it that the industry probably never would have done on its own that I think is very positive–and that is transparency,” said J. Patrick Gallagher Jr., chairman, president and chief executive officer of Arthur J. Gallagher & Company in Itasca, Ill.

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