Brown & Brown Inc.

Tallahassee, FL: Florida Attorney General Charlie Crist, Florida Chief Financial Officer Tom Gallagher, and Florida Insurance Commissioner Kevin McCarty filed charges against the brokerage firm for allegedly accepting undisclosed contingent commissions. Brown & Brown has agreed to adhere to stricter compensation disclosure requirements and fully disclose all fees and commissions in the future. Brown & Brown denied wrongdoing, but agreed to pay $5.8 million to settle the probe. (Dec-08-06) [BUSINESS INSURANCE: CONTINGENT COMMISSIONS]

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