Financial Services Industry
Industry: Email Alert RSS FeedDespite scandal, buyers rate Marsh no. 1: risk managers see no boost in broker fees despite loss of contingency revenue.(NO HARD FELLINGS?)
National Underwriter Property & Casualty-Risk & Benefits Management, June, 2005 by McDonald, Caroline
DESPITE INVESTIGATIONS BY NEW York Attorney General Eliot Spitzer that led to charges of bid-rigging and fee abuse by Marsh, the brokerage is still rated as the best of its kind overall by risk managers at jumbo firms, a survey by a leading analyst found. However, the survey--conducted by Banc of America Securities--also found that a growing number of risk managers are seeking to divide their business among several brokers.
In addition, broker fees remained flat despite the abandonment of insurer contingency fees by the three largest brokers--a move prompted by the Spitzer probes. "I thought that maybe the sentiment toward Marsh would have decreased a little bit more, given the scandals that are going on," said Brian R. Meredith, senior property-casualty...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
