Eliot Spitzer’s investigations into insurance broker’s contingent compensation may have had some unintended benefit for Aon, by forcing the door open for clients to seek the opinion of more than one brokerage firm for their risk placements, the firm’s chief executive said.

The comments came yesterday during an insurance investor’s conference sponsored by Merrill Lynch. In answer to a question, Gregory C. Case, president and chief executive officer for the Chicago-based brokerage firm, said that after the New York Attorney General’s investigation, many accounts felt it was necessary to get a second or third broker to look over aspects of their insurance business.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.