Monthly Archives: <span>March 2018</span>

N.J. Doctor Charged with Stealing More Than $500K from Insurance Companies in Fraud Scheme

A Passaic County, N.J., pain management doctor has been charged with first-degree conspiracy and money laundering for allegedly submitting more than $4.4 million in fraudulent bills for service to insurance companies that netted him more than $500,000 in a medical …

People

V3 Insurance Partners LLC, a Newtown, Penn.-based specialty insurance program administrator, has named Brian Janitschke chief operating officer. In this role, he will be based in V3’s Newtown offices and will focus on advanced underwriting, analytics and new customer-friendly technology. …

For U.S. Doctors, Being Sued Is Common Ailment

Getting sued is not an uncommon event for physicians. More than a third of physicians (34 percent) have had a claim filed against them at some point in their careers. Also, according to research from the American Medical Association (AMA), …

New Markets

Apartments, 1-4 Family Dwellings Market Detail: Bass Underwriters (www.bassuw.com) covers residential apartment buildings and one-to-four family dwellings. In-house rates with a 10 minute turnaround available. Coverage includes property by the water with wind. Available limits: Maximum $7.5 million Carrier: Lloyds …

Cyber to Top $6.2B in Written Premium by 2020: Verisk

The total commercial cyber liability market will reach $6.2 billion in written premium by 2020, Verisk predicts in a market analysis titled, Sizing the Standalone Commercial Cyber Insurance Market. Standalone commercial cyber liability in 2016, excluding package policies, amounted to …

Business Moves

Hub, Der Manouel Hub International Ltd. has acquired the assets of Fresno, Calif.-based Der Manouel Insurance & Financial Services Inc. Terms of the deal were not disclosed. DMIG’s leadership team and staff will join Hub California. Michael Der Manouel Jr., …

Are Agents Finally Taking Up the Digital Challenge?

When the results of the second Insurance Digital Transformation Survey (www.insurancedigitalrevolution.org) are released in a few weeks, we should see improvement in how agents are adapting to digital technology – more agencies upgrading their websites, adding a client portal or …

Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines

Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into the fray, seeking to turn insurtech to their advantage even …

Benefits of Offering Legal Insurance

Are standard voluntary benefit offerings enough to keep employees (and, by extension, employers) satisfied? A Society for Human Resource Management study found that while three-quarters of HR professionals believe employees are happy with benefit offerings, only 27 percent of employees …

Minding Your Business: Contingency Planning for Agency Owners

Most of us don’t want to think about what would happen to our businesses if we were not able to be there one day because of disability or death. Most owners that are key to the organizations know that their …