Brokers to stop accepting incentive commissions

A major insurance brokerage, Willis Group Holdings Inc., announced that it will stop accepting contingency commissions, the fees that are at the centre of an investigation announced last week by New York Attorney General Eliot Spitzer.

Aon, the second-biggest insurance broker, is the latest to announce it will stop taking incentive commissions - the fees that are at the heart of New York attorney-general Eliot Spitzer’s investigations into the insurance industry.