A Bellevue, Wash.-based subsidiary of Symetra Financial Corp. is paying $26 million to acquire the renewal rights for some OneAmerica Financial Partners’ medical stop-loss insurance policies.
United Prosperity Life Insurance Co. has signed an definitive agreement to buy Shenandoah Life Insurance Co., a Roanoke, Va.-based insurer that has been in receivership over financial concerns since February 2009.
Shenandoah Life Insurance Co, recently put into receivership by state insurance regulators, canceled its annual vacation rewards for top-performing insurance agents.
Trips to locations like the Bahamas and Spain for agents … Read →
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.