American International Group has announced the sale of its Taiwanese life insurance unit for $2.15 billion as part of its effort to repay billions of U.S. taxpayer dollars given to bailout its operations.
See more: 21st Century Insurance, acquisitions, AIG, China Strategic Holdings, Farmers, Hong Kong, Nan Shan Life, Primus Financial Holdings, Robert Benmosche, Taiwan, U.S. Treasury
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.

