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Spitzer probe has little effect

HONOLULU? A probe by New York Attorney General Eliot Spitzer hasn?t lowered insurance premiums for most US companies.

Eighty-two percent of 705 risk managers surveyed by the Risk and Insurance Management Society said they hadn?t received a discount on their premiums since insurers stopped paying commissions in 2004.

Insurance brokers including Marsh & McLennan Cos., Aon Corp., and Willis Group Holdings Ltd. stopped taking the fees after Spitzer called them kickbacks that stifled competition.