i-law

World Insurance Report

Spitzer contingent commission ban sparks industry backlash

Brokers are up-in-arms over the knock-on effect that Mr Spitzer’s fee investigation has had on personal lines

The decision by New York Attorney General Eliot Spitzer that four leading US insurers can no longer pay controversial “contingent commissions” to agents and brokers that sell auto, homeowners’ and certain other insurance products has angered a leading industry body.

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