After Aon announced last month that it will again accept legally permissible contingency commissions, Willis Group Holdings Chief Executive Officer Joe Plumeri quickly responded, saying his firm would not resume collecting contingents, citing a conflict of interest in the compensation practice.
This statement is part of an ongoing "public awareness campaign" against contingents launched by Mr. Plumeri in April of this year, advocating that "it would be better if no agent or broker took them and no carrier paid them."
The direction of Mr. Plumeri's comments is troubling.
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