Monthly Archives: <span>April 2017</span>

Throwing Cold Water on the Insurance Industry’s Dog Bite Numbers

Today is National Pet Day, a day to cherish the love, entertainment and fulfillment provided to us by our animal companions. Or, if you’re in the insurance industry, it’s a day to stoke fear of dog bites. “Dog-Bite Claims Surge …

U.S. Fund Payouts to Terrorism Victims to Reach $1 Billion

The Justice Department said it has made payments totaling more than $800 million from the U.S. Victims of State Sponsored Terrorism Fund to compensate thousands of U.S. victims of international acts of terrorism by state sponsors of terrorism. The government …

Applicants Sought for Boards of Texas FAIR Plan, Windstorm Association

The Texas Department of Insurance is looking for people to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through the private …

Deal Named Business Development Manager at LevelFirst in Dallas

LevelFirst, the wholesale broker and MGA binding facility owned by IIAT Services Co., has appointed Richard Deal as business development manager. Deal is tasked with maximizing the potential of existing relationships as well as growing revenue from new business and …

Owners of California Hotel Cleaning Firm Plead Guilty to Workers’ Comp Fraud

The owners of a cleaning company serving luxury hotels in Southern California and Nevada have pleaded guilty in connection with a nearly $7 million insurance and tax scam. The San Diego Union-Tribune reported Hyok “Steven” Kwon and his wife, Woo …

Heffernan Acquires National Truck Services Group in Arizona

Heffernan Insurance Brokers has acquired the assets of Phoenix, Ariz.-based National Truck Services Group. The NTSG leadership personnel, AJ Planeta, sales manager, and Kathy Herter commercial lines manager, will oversee Heffernan’s newest office in Phoenix. NTSG has a team of …

Harvard/UCLA Study Questions High Costs of Hospital-Based Primary Care

Patients with common conditions such as back pain, headaches and upper respiratory infections are more likely to receive tests and services of uncertain or little diagnostic or therapeutic benefit— so-called low-value care —when they seek treatment in primary care clinics …

Beazley Joins EbixExchange Accounting Platform

Ebix Europe, the electronic messaging communications specialists for the global re/insurance market, announced that insurer Beazley is the latest carrier to join its EbixExchange accounting platform. Using ACORD standards, the platform adds transparency and accelerates the accounting and settlement process, …

Starbucks in China Provides Health Cover for Workers’ Parents

Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used by more than 10,000 people to treat conditions such as cancer, heart disease and …

China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion

Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the nation’s top insurance official as the government steps up a bid …