The Hanover Insurance Group has acquired a Vienna, Va.-based specialty insurance provider in what it calls “a significant commitment toward broadening our professional lines portfolio.”
See more: A.M. Best, acquisitions, AZ, Bermuda, Campania Group, Campmed Casualty & Indemnity Co. of Maryland, Citizens Insurance Co. of America, DC, Dennis R. Santoli, Frederick H. Eppinger, Hanover Insurance Group, Health Facilities Insurance Corp., liability insurance, Massachusetts, MI, MIA, NV, OH, OneBeacon Insurance Group, ratings
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.

