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.

A trade group representing insurance agents and financial service professionals submitted its comments on the Federal Insurance Office’s Dodd-Frank study on modernizing and improving insurance regulation.

The Obama Administration appears to have used a fairly convoluted process to make clear what many have been suggesting since federal health reform passed in March 2010. Simply put, the Obama Administration, through its U.S. Health and Human Services Department, wants insurance agents and brokers out of providing advice on health plans to consumers and businesses.

The Anne Arundel County chapter of the National Association of Insurance and Financial Advisors (NAIFA) is planning its Second Annual Bears for Bears event Dec. 21 in Annapolis, Md.

The effect of cuts to health insurance agent and brokers’ commissions from federal health reform may spread to their offices, according to a new survey.

Some health insurance agents and brokers, responding to cuts to their commissions because of health reform, have cut the services they provide their clients or stopped selling coverage to individuals, according to a new survey.

The days when survivors could count on tax-free life insurance benefits after the death of a loved one could be numbered.

The 2011 NAIFA-Delaware Reception and Awards Dinner will be held at the Courtyard Marriott in Newark, Del., May 2, from 6 to 11 p.m.

Two congressmen have introduced legislation that would exclude agent commissions from the medical loss ratios included in the federal health reform law.

A consumer group is warning that “health insurance salespeople” are attempting to “rewrite the health reform law to guarantee broker income at the cost of increasing consumer premiums.”