Law360, New York (September 5, 2006, 12:00 AM EDT) -- Just a week after the world’s top insurance broker, Marsh & McLennan Cos., announced that it had received a nod from New York Attorney General Eliot Spitzer to relax limitations on accepting contingent commissions, London insurance broker Willis Group Holdings Ltd. said it has struck a similar deal.
Willis said Friday the deal will alter its April 2005 pact with Spitzer and the Insurance Department of New York that limited how the insurance broker could be compensated by insurers.
Willis’ $51 million settlement in 2005 followed...
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