A federal court in Connecticut has approved a partial settlement in a class-action civil suit involving the handling of 401(k) plans by Hartford Life Insurance Co.
Noting several factors, including steady membership and premium revenue growth, A.M. Best affirmed the ratings of the majority of the insurance and HMO subsidiaries of Aetna Inc.
Independent insurance agents and brokers are responsible for $6 of every $10 of overall property-casualty premium revenue, according to an annual state of the independent agent system report from the … 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.