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.
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.