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I have read with interest as National Underwriter has published numerous articles related to the back and forth between groups which, on the one hand, disavow contingent fee arrangements and, on the other, defend the practice of brokers and agents accepting this form of compensation.

As 2010 president of the Risk and Insurance Management Society, I feel obligated to weigh in with the perspective of risk managers who buy commercial insurance from these brokers and agents on behalf of their employers–whether they be industrial, service, nonprofit, charitable or government entities, large or small.

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