Janice M. Abraham, president and chief executive officer of Chevy Chase, Md.-based United Educators Insurance, was elected as the new chairwoman of the Property Casualty Insurers Association of America.
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.