“Using health agents and brokers differently” might encourage people to enroll in health insurance, if the controversial individual mandate included in the federal health reform law were eliminated, according to a new government report exploring health exchanges.
Insurance agents’ relationships with insurers may change as insurers face multiple challenges in maintaining growth in a “slowly recovering” economy, a new report says.
Effectively targeting the middle market will increase the number of life insurance policies, despite the prediction that overall individual life insurance sales will remain “flat,” a new survey says.
Allstate Insurance Co. is looking to expand quickly in the mid-Atlantic region, with plans calling for hiring 65 new agents for its five-state Capital region.
More than 50% of health insurance agents and brokers spend at least half their time providing services to clients that are outside of the sales process, according to a new survey.
Health insurance agents and brokers in Maryland have formed a coalition whose objective is to ensure their jobs are maintained as the state implements health reform.
Rockwood Programs recently announced lower minimum premiums on its errors and omissions product for property-casualty agents on all new business and renewal accounts.
The California insurance commissioner is warning seniors about “predatory” insurance “agents and brokers who routinely seek to take advantage of seniors” as they embark on “vigorous marketing and sales efforts” to sell Medicare Advantage plans, according to a statement.
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.