Former American International Group CEO Maurice “Hank” Greenberg and three other former executives with the insurer have reached a $115 million settlement with Ohio’s attorney general over allegations of anti-competitive … Read →
See more: AIG, bid rigging, Christian M. Milton, contingent commissions, Hank Greenberg, Howard Smith, legal, Michael J. Castelli, OH, Ohio Funds, Richard Cordray, SEC, settlements
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.

