Spitzer Says Aon Steering Froze Out AIG
Contingency deals with other carriers drove broker placements, suit alleges
Aons retail brokerage looked to freeze American International Group out of the high-end personal lines market to reap a better contingency commission deal with other carriers, to the detriment of clients, according to papers filed by New York Attorney General Eliot Spitzer.
The charge was contained in a civil action in New York County State Supreme Court against Aon that was filed simultaneously with Mr. Spitzers announcement that an agreement had been reached to settle the lawsuits charges.
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