NU Online News Service, july 29, 11:17 a.m.EDT
Insurance broker Arthur J. Gallagher has reached a nationwideagreement with the Illinois attorney general and Illinois InsuranceDepartment permitting it to once again accept contingentcommissions.
AJG was one of four brokers that agreed to drop the contingentfees in 2004 after a New York state investigation turned upevidence that the lucrative commissions served as a reward forrigging bids and steering commercial insurance clients to certaininsurers.
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.
