Maryland insurance regulators recently ordered Hartford Fire Insurance Co. and Hartford Casualty Insurance Co. to collectively pay a $25,000 fine for violating seven state laws.
Hartford Casualty Insurance Co. and Hartford Underwriters Insurance Co. had a request to vacate an order against them denied by the Maryland Insurance Administration.
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.