From its main office in Harrisburg, the staff of the Pennsylvania Insurance Department helps state residents navigate the industry’s ins and outs. But online, the department provides access to thousands more both inside and outside of the state’s borders.
The Pittsburgh office of the Pennsylvania Insurance Department is closing as part of the state’s ongoing efforts to recover from its $3.25 billion budget deficit.
The Pennsylvania Insurance Department’s plan to move agent and broker license renewals to the applicant’s birth month is scheduled to begin with January 2010 renewals, according to the department.
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.