A former senior vice president with reinsurer General Re will spend two years on probation and pay a $10,000 fine after pleading guilty to manipulating American International Group’s financial statements.
See more: AIG, Christian M. Milton, Christopher P. Garand, criminal, Elizabeth Monrad, fraud, General Re, legal, reinsurance, Richard Napier, Robert D. Graham, Ronald E. Ferguson
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.

