Arthur J. Gallagher has reached a nationwide agreement with the Illinois attorney general and insurance department permitting the brokerage to once again accept contingent commissions–a decision decried by the nation's top commercial insurance buyers group.
AJG was one of four brokers that agreed to drop contingency fees in 2004 after a New York investigation turned up evidence that volume-based bonuses paid to Marsh and other brokers served as a reward for rigging bids and steering commercial clients to certain insurers.
Marsh, Aon and Willis also agreed to stop taking the bonus commissions at that time, and that has not changed to date.
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