Erie Indemnity Co., parent company of Erie Insurance, reported fourth quarter earnings of $24.9 million, marking a turnaround from its report of $6.3 million in losses for the same quarter in 2008.
A U.S. District Court judge has given his preliminary approval of a class action suit against Erie Indemnity Co. alleging the company failed to pay overtime to claims adjusters.
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.