A worldwide insurer with its U.S. operations based in New York announced its acquisition of a U.S. insurance operation to further diversify its business.
Seven of the 38 automobile insurers writing business in New York scored best in a new survey based on the number of complaints resolved in their favor.
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.