New Jersey insurance regulators are warning property-casualty insurance agents and insurance companies not to make disparaging comments about competitors.
New Jersey’s interim insurance commissioner denied a medical group’s request to halt the state’s largest health plan’s effort to limit benefits at out-of network surgical centers.
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.