In a move it says “dramatically accelerates its national growth,” Marsh & McClennan Agency has acquired Roanoke, Va.-based Thomas Rutherfoord Inc., one of the nation’s largest independently owned firms.
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.