A Baltimore insurance broker started an insurance retail store to provide consumers with direct access to insurance advice and enrollment in light of the health care reform law.
Highmark is opening four more of its retail insurance stores, after about 10,000 people visited each of its two existing stores since they opened in March 2009.
A regional agents’ group is speaking out against the practice of carriers requesting customer lists or expensive profiles of agency books of business, calling it a “significant breach” of the agent-carrier relationship.
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.