Aon Joins Marsh In Resumption of 'Contingent Commissions'

By Michael Whiteley, Eastern BureauAon Corp. said this week it has reversed its policy on taking "contingent commissions" a half-decade after it agreed to drop the practice to settle allegations of bid-rigging by then New York Attorney General Eliot Spitzer.The Chicago-based mega-broker is the second of three of the world's top insurance brokers poised to resume accepting the commissions, which are paid by carriers to producers in the form of year-end bonuses.Marsh & McLennan Cos. announced in March it would resume the practice of accepting the commissions for personal lines policies a...