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N.Y. Giving Big Brokers Green Light To Accept Service Fees From Insurers

Aon will soon become the third major insurance brokerage to amend a settlement agreement with New York regulators, in which it was forced to stop accepting certain contingency-based commissions, a

By Daniel Hays | Updated on September 02, 2007

Aon will soon become the third major insurance brokerage to amend a settlement agreement with New York regulators, in which it was forced to stop accepting certain contingency-based commissions, a state official confirmed.

Aon will have a new agreement “shortly,” according to John Rothblatt, assistant deputy superintendent and counsel for the New York Insurance Department.

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