Citing, in part, its niche market of farm owners/small commercial coverages, an Everett, Pa.-based company recently saw upgrades to its financial strength and issuer credit ratings by A.M. Best.
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.