A bill prohibiting specific uses of funds from the Maryland Automobile Insurance Fund may not have been acted upon this year, but the anger by state legislators is likely to result in the matter being revisited in the next General Assembly session.
See more: Agency Insurance Co., auto insurance, bonuses, Bryson Popham, combined ratio, Derrick Davis, donations, George W. Della Jr., Jay Schwartz, John C. Astle, legal, legislation, M. Kent Krabbe, MAIF, Maryland Insurance Council, Md General Assembly, Nathaniel Exum, premium financing, Ralph S. TylerComparing Maryland’s auto insurer of last resort to big Wall Street banks who used federal bailout money for bonuses and other extravagances, a state Senate panel grilled the state agency over how it uses its funding provided by policyholders.
See more: auto insurance, bonuses, CareFirst, Derrick Davis, George W. Della Jr., John C. Astle, legislation, lobbying, M. Kent Krabbe, MAIF, Maryland Highway Safety Foundation, Nathaniel Exum, TARP
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.

