New York Insurance Department Superintendent James J. Wrynn is scheduled to deliver the keynote address at the New York Insurance Association’s 2010 annual conference.
See more: commission disclosure, Dick Poppa, Eastern Mutual Insurance Co., event, Floyd Holloway, IIABNY, Insurance724, James J. Wrynn, Jimi Grande, Joseph Morelle, liability, Martin Schwartzman, Matthew Gaul, Matthew Guilbault, NAMIC, Nationwide, Neil Breslin, New York Insurance Exchange, NYIA, NYSID, Patrick O'Malley, Peter Kraynak, PIANY, Progressive Northern Insurance, Richard Zick, State Farm, Utica First Insurance Co., William Melchionni, William ScraffordWith New York regulators citing consumer protection as the goal of a new broker compensation disclosure rule, a state agents’ organization says protecting its members is the key motivator to stop it from becoming law.
See more: commissions, contingent commissions, Dick Poppa, IIABNY, legal, NYSID, regulation
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.

