New York Insurance Department Superintendent James J. Wrynn is scheduled to deliver the keynote address at the New York Insurance Association’s 2010 annual conference.
Choosing to help craft a new compensation disclosure rule in New York with regulators versus fighting it in a courtroom, a state agents’ group said it had a “highly productive” meeting on the matter recently.
After a nearly three-year stint in the public sector as a superintendent with the New York State Insurance Department – including a month as the agency’s acting superintendent – Kermitt Brooks has joined AXA Equitable Life Insurance Co.
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.