Dec
15

California insurance companies join together, squeeze agents to cut overhead

Conspiracy? Price fixing cartel? Tweedledum, tweedledee, tweedledoo? You decide. Wed., Dec. 8—Aetna emails its agents who sell individual health insurance, detailing a complicated set of tiers that will cut agent’s commissions to about 4% of gross premium at first, then declining as clients get older. Thurs. Dec. 9—Blue Shield posts a byzantine apology—not summed up… Continue reading »