Two property-casualty insurers, who recently stopped writing business in Virginia, had their certificates to operate in Arkansas suspended by regulators, citing their negative surplus balance.
Arkansas’ insurance commissioner says a claim by a company saying it is offering innovative and affordable health insurance solutions “could not be further from the truth.”
A former Arkansas insurance agent was arrested for allegedly creating fake policies for a local company that thought it was buying workers’ compensation and general liability insurance.
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.