John Leonard, president and chief executive for The MEMIC Group, was recently re-elected by the ACORD board of directors as its 2010 chair and David Findley was also re-elected as the board’s vice-chair.
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.