The former claims manager of a Virginia program to help children with disabilities faces more than a decade in prison after admitting to taking $784,000 through fraudulent claims.
When the Virginia General Assembly reconvenes in Richmond Jan. 13, it could consider forcing agents to pay restitution to victims whose funds they misappropriated, as well as a number of other insurance bills.
While the insurance industry in Virginia has changed since 1996, one thing has remained constant: Al Gross has been the state’s insurance commissioner.
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.