Independent insurance agents ranked in the middle of the pack in a survey of customers’ experience, while insurance providers ranked well ahead of health insurance plans in the annual analysis.
Two California-based insurance companies were ordered to pay $35,895 in restitution to more than 2,200 customers in November 2009 who received improper contracts from the companies.
The owner of a Washington state auto glass installation business has admitted to overbilling Farmers Insurance Co. by at least $100,000 over the last several years.
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.