A property-casualty insurance trade group in New York said it is “surprised” that New York regulators issued proposed new regulations they say are designed to ensure that coastal insurance is available and affordable.
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.