Business Services Industry
Gallagher earmarks $35 million; In absence of charges, brokerage sets aside funds to settle state probes.(Arthur J. Gallagher & Co)
Business Insurance, May, 2005 by ROBERTS, SALLY
Byline: SALLY ROBERTS ITASCA, Ill.-Arthur J. Gallagher & Co.'s announcement last week that it has set aside $35 million to settle investigations related to its use of contingent commissions could be the last significant hit announced by a brokerage on the issue, some observers say. Although other brokerages are being investigated by officials in several states, most of those brokerages are not of sufficient size to warrant a settlement close to the size of the top four brokerages, they say.
Still, smaller brokerages are not off the hook for their role in the compensation scandal that erupted last year and state attorneys general and insurance regulators likely will continue to work their way down the list of brokerages, they say. In announcing its...
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"
- 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
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
