The News Review:
- What’s Not Covered by Flood Insurance?
- San Leandro man among three suspected in insurance fraud scheme
- German insurance co. to open more branches in China
What’s Not Covered by Flood Insurance?
Washington Post
ften the purchase isn’t a matter of choice — a mortgage lender will require that you buy a policy if your home is within a designated flood area. But if you live in an area that is a lower risk for flooding according to government maps or if you don’t have a mortgage the decision to spend hundreds of dollars on a special flood policy is yours alone. You can buy coverage under the.
San Leandro man among three suspected in insurance fraud scheme
San Jose Mercury News
The suspects 49-year-old Monica Mui Ung of Alamo 31-year-old Joey Ruan of San Leandro and 28-year-old Tin Wai Wu of Millbrae face 48 counts of workers’ compensation insurance fraud labor code violations and tax fraud. “When businesses cheat the system to save money they are only setting themselves up to pay later – by serving time in prison” Poizner said. “The Department of Insurance will not stop going after fraud perpetrators until every one is brought to justice. ” An investigation led by the California Department of Insurance and assisted by the Employment Development Department exposed that Ung owned and operated general building contracting company NBC General Contractors Inc.
Related from Medcylopaedia: Efforts to save San Leandro Hospital may prove futile
German insurance co. to open more branches in China
Xinhua
The company held an inauguration ceremony for its eighth Chinese branch in Jinan of Shandong Province Wednesday. The area’s life insurance market was ranked the country’s fourth largest with a market value of 45. 28 billion yuan (6.