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The large majority of corporate insurance buyers dont believe their firms have benefited from the fact that major brokers stopped accepting contingency fees following probes into bid-rigging and account steering by then New York attorney general (now governor) Eliot Spitzer and others, a National Underwriter survey revealed. With the mega-brokers having sworn off the now disgraced volume-based bonus commissions, where did all those billions go?Recommended Stories
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The Future of P&C Insurance: The Race to Contain Costs Amid Rising Catastrophic Losses
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