We examine the market's reaction to New York Attorney General Eliot Spitzer's civil suit
against mega‐broker Marsh for bid rigging and inappropriate use of contingent commissions …

This chapter details the use of insurance distribution systems in practice, highlights the
theoretical support for the presence of various distribution systems within the insurance …

Insurance producer compensation has incorporated contingent commissions for decades. In
2004, the New York State Attorney General sued insurers and brokers, alleging …

This research investigates the relationship shared by contingent commission usage and
insurer performance. We assess performance using both frontier efficiency and financial …

Purpose–The purpose of this paper is to examine brokers' financial incentives in the
Nigerian insurance market and how they balance conflict of interest which their role …

We examine misconduct in credence good markets with price taking experts. We propose a
market-level model in which price-taking experts extract surplus based on the value of their …

Selection markets create a multitasking environment where intermediary agents often need
to increase consumer take-up as well as resolve information asymmetries about consumer …

Contingent commissions, which are payments made by an insurer to brokers based on the
volume and profitability of insurance placed with the insurer, have been criticized as …

We examine misconduct in financial services. We propose a theory in which experts extract
surplus based on the value of their firm's brand and their own skills. Using sales complaint …

Shortly after the announcement of Spitzer's allegations of the improper use of nontraditional
forms of contingent commission arrangements by certain large brokers and insurers in …