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Risk managers, brokers square off as compensation rift spurs tension.

Publication: Best's Review
Publication Date: 01-JUN-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Risk managers, brokers square off as compensation rift spurs tension.(Property/Casualty: RIMS Conference)

Article Excerpt
Thousands of risk managers gathered in Philadelphia, the City of Brotherly Love, the week of April 18 for their annual conference, but at times there seemed little love lost between these corporate insurance buyers and the brokers who serve them.

The event marked the first major meeting of the Risk and Insurance Management Society Inc. since the industry became consumed by ever-widening investigations into the practice of contingent commissions and the potential conflicts of interest that arise when brokers accept these fees from carriers. Following probes...

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