Hartford Casualty Insurance Co. and Hartford Underwriters Insurance Co. had a request to vacate an order against them denied by the Maryland Insurance Administration.
State Farm must offer to renew homeowners’ polices for 113 Long Island, N.Y., residents after the state’s insurance department found it used improper non-renewal notices, which failed to disclose the availability of other coverage options.
A Lanham, Md., family recently lost its appeal of a decision by Standard Fire Insurance Co. to not renew its homeowners coverage after three claims were filed on the policy.
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.