Pledging to be “vigilant” in enforcing the state’s insurance laws, Connecticut’s insurance commissioner has fined Zurich Insurance Group $235,000 for several violations, including the use of unlicensed agents and adjusters.
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.