The insurance industry suffers from a poor public image, according to several property-casualty insurance executives, and that image problem is crippling its efforts to attract young workers.
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.