Delaware’s insurance commissioner is lauding her state’s efforts to add eight new captive insurers in the last six months of 2009, resulting in a 20% increase in the number of captives from a year earlier.
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.