Willis steps up contingent commission campaign
Willis Group Holdings has stepped up its campaign against contingent commissions by distributing a third-party white paper written by law firm Edwards Angell Palmer & Dodge detailing what Willis describes as "the conflicts of interest created by the controversial payments".
Writing in an introduction to the white paper, Joe Plumeri, Willis Group chairman and CEO, said, “Willis has long opposed contingents because we believe they are at odds with the obligation retail brokers have to their clients to get them the best terms, conditions and price, and to advocate for them when they have a claim.
“It’s important for insurance buyers to know about the conflicts of interest created when insurance companies pay retail brokers bonuses for increasing premium volume and
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