Designating Iran as a “state sponsor of terrorism,” California’s insurance commissioner wants $12 billion in investments by companies doing business in the state completely divested in a move that could be mirrored by other state regulators.
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.