Insurance

A growing number of pet owners are buying insurance policies for their furry friends and fueling a $774 million pet health insurance industry. Twelve companies currently offer plans.

Pet health insurance could be money saver for furry friends

Three years ago, Perla Zepeda’s family lost a beloved family member. Their dog, Sandy, had swallowed an unknown object, causing internal damage. She was rushed to an emergency veterinary hospital in Yakima, but doctors couldn’t save her. “We grieved for about three months,” Zepeda said. They also faced more than $1,000 in veterinary bills. Shortly […]

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Storage Unit

Homeowner’s insurance might not cover theft from storage units

By Sean Bassinger Belongings stashed inside self-storage units may not be covered by homeowner or renter insurance policies if anything gets stolen or damaged. Policies that cover items at off-site storage units may have limits in place as well, according to the state Office of the Insurance Commissioner. It’s good information to find out before […]

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Criminal Investigations Unit detectives and analysts with the state Office of the Insurance Commissioner serve a search warrant at a business office. The CIU is staffed by two prosecutors, two criminal analysts, a detective sergeant, an administrative assistant and a team of detectives who identify and investigate insurance fraud by organizations and individuals, including medical fraud, staged auto collisions, property, inflated bodily injury claims and other types of fraud. (Courtesy state Office of the Insurance Commissioner)

Special criminal investigations unit takes aim at insurance fraud

Ten percent of all insurance claims are fraudulent. And 10 percent of the cost of all premiums is due to fraud. This number is likely to increase as insurance fraud cases continue to grow, said Mark Couey, director of the Criminal Investigations Unit at the state Office of the Insurance Commissioner. Insurance fraud is the […]

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IFC Insurance

Pasco’s IFC Insurance celebrates 45 years in business

The Williams family has been watching out for wellbeing of Tri-Citians for 45 years. In 1971, John R. “Jack” Williams founded Insurance and Financial Consultants, Inc., selling life insurance, annuities, investment products, health insurance and employee benefit packages. He’d already been an insurance agent for several years, working for State Farm Insurance. “But their focus […]

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Insurance

Renters at risk if they forego Renters Insurance

If your rented home or apartment is destroyed by fire, or all of your possessions are stolen by thieves, will be relieved that you are protected by Renters Insurance or left with few good options because you didn’t purchase it? In Washington state, about 47 percent of all residents rent a home or apartment, according […]

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Kaiser Permanente

Kaiser Permanente seeks to acquire Group Health

Kaiser Permanente and Group Health Cooperative have signed a definitive agreement in December for Kaiser to acquire the Seattle-Based Group Health for $1.8 billion. Group Health is one of the three largest health insurers in Washington state, with more than 518,000 policy holders, 17.5 percent of the market and a surplus of more than $888 […]

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