The U.S. District Court in Nevada has ruled in favor of a risk-retention group in its fight against that state’s attempt to bar its operations despite federal preemption under the Liability Risk Retention Act (LRRA).
Legislation has been introduced to permit risk retention groups to write commercial property coverage, expanding their role from the selling of liability insurance only.
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.