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Willis Calls On N.Y. Officials To End Contingent Commissions

Don Bailey, chief executive officer of Willis North America, speaking at a hearing in Buffalo, N.Y., called on the New York State Insurance Department "to end the practice of accepting contingent paym

By Mark E. Ruquet | Updated on July 14, 2008

A chief executive for a major insurance brokerage firm has called on New York state regulators to end all contingent commission agreements by 2010.

Don Bailey, chief executive officer of Willis North America, speaking at a hearing in Buffalo, N.Y., called on the New York State Insurance Department “to end the practice of accepting contingent payments.”

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