Hartford Financial Services Group will return $48.2 million in excess profits it earned on its workers’ compensation policies over a three-year period in a deal with Florida regulators.
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.