New York Insurance Department Superintendent James J. Wrynn is scheduled to deliver the keynote address at the New York Insurance Association’s 2010 annual conference.
The New York State Insurance Department named a new general counsel to succeed Robert H. Easton, who departed the agency for a job in the private sector.
Dennis J. Hayes was appointed as special deputy superintendent of the New York Liquidation Bureau, the division that serves as the court-appointed fiduciary and receiver of insolvent or impaired insurers in the state.
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.