A Dallas-based general agency has “established ourselves as a dominant player” in North Jersey with its acquisition of NAS Financial Services, a general agency based in Morristown, N.J., according to its president and CEO.
Two reports – one prepared for two Maryland insurance industry trade groups and the other for a general agency operating in the state – reach a similar conclusion: that the Maryland system for delivering health insurance works better than the Massachusetts health exchange.
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.