An insurance trade group in Virginia has added a feature on its website, giving its member agents a new way to find markets for unusual or difficult-to-place insurance risks.
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.