Virginia’s insurance regulators have taken control of Roanoke, Va.-based Shenandoah Life Insurance Co. as the company struggles with finances.
Alfred W. Gross
On Thursday (Feb. 12), Virginia Insurance Commissioner Alfred W. … Read →
See more: Alfred W. Gross, Cynthia Light, Fannie Mae, Freddie Mac, IN, Ken Schrad, mergers, OneAmerica, receivership, SCC, Shenandoah Life
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.

