Zurich’s accident and health unit has acquired renewal rights to a block of accidental death & dismemberment business of Chattanooga, Tenn.-based employee benefits firm Unum.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.