Chicago Adult Entertainment: Aon Faulted by Insurance Buyers Over Once-Banned Fees

… Aon’s overdue and muted announcement, floated in mid- summer, should come as a wake-up call to all risk managers and buyers of insurance to re-evaluate whether their broker really works for them, or the insurance carrier,” Willis said in a statement.
Marsh & McLennan said on March 24 it will take contingent commissions on business done by its unit serving mid-sized U.S. clients. The firm won’t take contingent commissions on business for U.S. clients in its “core broking operations,” according to a statement.
“The contingent commissions created inherent conflicts and tensions that led to improper practices that we were trying to eliminate,” Spitzer said in an interview in February after the New York Insurance Department repealed the ban.
Spitzer left his post without extending the fee ban to smaller agents. He went on to become governor of New York, a position he resigned in 2008 amid a prostitution scandal. In the last two years, Aon, Marsh & McLennan and Willis called for common rules to be applied to all middlemen.

See the full article from “BusinessWeek”