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Aon In Talks To Relax Contingency Fee Limits

Law360 (August 24, 2006, 12:00 AM EDT) -- Aon Corp. is in the middle of talks with New York Atty. Gen. Eliot Spitzer’s office, hoping to ease some restrictions on how Aon receives compensation.

Marsh & McLennan Cos. Inc., Aon’s competitor and the world’s biggest insurance broker, said Wednesday that Spitzer had agreed to amend terms in a 2005 settlement. Under the new terms, Marsh can accept compensation from insurance companies when the broker acts as the insurer’s “managing general agent,” according to the company’s filing with the U.S. Securities and Exchange Commission....
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