American International Group agreed to sell its Asian life insurance business for $35.5 billion, making it one of the largest insurance deals in history.
See more: acquisition, AIG, Asia, bailout, Federal Reserve Bank of NY, international, Mark Button, Prudential PLC, ratings, Standard & Poor's, TARP
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.

