Aon Corp. has been hit with a multimillion-dollar suit by Caterpillar Inc., alleging the insurance broker harmed the manufacturer by engaging in contingent commission kick-back schemes and failing to allow the company to review the insurance transactions.
In a 32-page suit filed Oct. 12 in the U.S. District Court of the Central District of Illinois in Peoria, Ill., Caterpillar said the Chicago-based insurance broker failed to act in the best interests Caterpillar by entering into kick-back agreements with insurers.
The Peoria-based worldwide manufacture of construction and mining equipment, engines and turbines, and provider of related services, said Aon has served as the company's broker since 1981.
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