New York-based MetLife, one of the nation’s largest insurers, plans to realign its institutional and individual businesses, as well as its Auto & Home unit, under one organization.
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.