In Hollywood, a movie sequel is seldom as compelling as the original. The same is true about the manufactured controversy regarding contingent commissions in insurance. The sequel to the 2004 brouhaha regarding contingents is now playing.
Although the original lead actor–New York's former attorney general and governor, Eliot Spitzer–was not available for the sequel due to a poor performance in an unrelated X-rated venture, many of the same players from 2004 are involved. The script has been updated, but the tired story line is the same.
When last we left the issue of contingent commissions received by certain mega-brokers, several had signed what were described as "voluntary" agreements to settle ongoing investigations by state attorneys general involving allegations of bid-rigging and account-steering. 
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
