NU Online News Service, Feb. 17, 12:25 p.m. EST
An agreement reached between the three major insurance brokerages and New York, Illinois and Connecticut officials opens the door for the firms to resume taking contingent commissions.
Under an agreement announced yesterday, Aon Corp., Marsh & McLennan Companies Inc. (the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter) and Willis Group Holdings plc. have agreed to abide by the new disclosure regulations that have become the subject of controversy in the New York agent community.
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