Four more auto insurers have reached a settlement with Massachusetts’ attorney general to correct thousands of driving records as officials now turn their attention to the use of private databases for rating purposes.
Progressive Direct Insurance Co. has reached a settlement to pay $120,000 after allegations it provided Massachusetts auto insurance customers with inaccurate quotes on its rate comparison website.
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.