North Carolina Insurance Commissioner Wayne Goodwin today (Feb. 21) signed a notice calling for a hearing on proposed increases to the state’s dwelling fire and extended coverage rates.
Delaware Insurance Commissioner Karen Weldin Stewart defended staffing the state’s new captive insurance bureau without requesting bids or conducting a formal search before a joint legislative panel.
Several insurance trade groups spoke to New York legislators about the need for no-fault auto insurance reform as state residents deal with record increases, spurred by an “epidemic” of fraud.
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.