Two First Commercial Transportation and Property Insurance Company (FCTPIC) officers were arrested for allegedly filing false or misleading statements with the Florida Office of Insurance Regulation.
Three national insurance agents’ groups are voicing their opposition to proposed agent commission soft caps and profit-sharing proposals as part of the Federal Crop Insurance Program (FCIP).
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.