While other brokerages recently reauthorized to accept contingent commissions in a multi-state agreement have rejected the payments, Marsh has announced that it will reject the practice in some instances, but permit it in others.
Regulators in three states have lifted a five-year-old prohibition on contingent commissions for some of the nation’s largest brokerages in return for greater transparency on agent and broker compensation.
Aon Corp. is hoping to build its business by developing more relationships with minority-owned risk management and consulting companies, the company announced.
Aon Cornerstone Innovative Solutions is an entrepreneurial growth strategy … Read →
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.