A lawyer in Bensalem, Pa., says he has begun an investigation into corporate actions involved the planned sale of New York-based NYMAGIC to ProSight Specialty Insurance Holdings announced last week.
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.