Dow Jones Newswires | Aon Corp. entered amended agreements with
Illinois, New York and Connecticut regulators, lifting the ban on
contingent commissions from insurance companies, but both companies
indicated they won’t resume the practice.

In 2004, Aon,
Willis, and Marsh & McClennan, among others, agreed to stop taking
the commissions after then-New York Attorney General Eliot Spitzer
launched a probe into compensation practices.

Separately, risk-management and consulting firm Aon said its new agreement requires it to provide disclosure to purchasers of insurance contracts that complies at a minimum with New York State Insurance Department regulations and also with the laws of Illinois, Connecticut and all remaining states.

Aon spokesman David Prospieri confirmed his firm has no current plans to begin taking the payments.

The company also will continue to maintain appropriate compliance and training programs regarding business conduct, conflicts of interest and antitrust compliance.

“Aon will continue to lead the industry in terms of delivering value to our clients, including helping our clients fully understand what we do, how we do it and how we get compensated,” said Greg Case, president and chief executive of Aon.

Aon remains bound by the settlement agreements it has with the state of Florida and the National Association of Insurance Commissioners.