The U.S. House of Representatives has passed reforms to the non-admitted insurance, or surplus lines, and reinsurance market, a move praised by two national agents’ groups.
The Independent Insurance Agents & Brokers of America is calling a new bill regarding reform efforts in surplus lines regulation and reinsurance supervision “another example of a positive targeted approach … 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.