Comparing 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.

