Board members of Pinnacol Assurance, a state-chartered workers’ compensation insurance company in Colorado, were asked to resign after participating in a $300,000 golf trip at Pinnacol’s expense.
For decades, the last name Winans has been affiliated with award-winning gospel music, but Michigan regulators say it was also used to scheme church members out of what could amount to $11 million through a Ponzi scheme.
Calling for industry-wide reform to solve the nation’s health care crisis, Maine’s insurance commissioner said the rising cost of insurance premiums is “slowly killing off the American middle class.”
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.