Admiral Group, the parent company of Glen Allen, Va.-based Elephant Insurance, has announced new reinsurance contracts to help expand its new auto insurance operation in the United States.
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.