Bogus company prompts question: Are you sure you’re insured? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Bogus company prompts question: Are you sure you’re insured?

Get PDF file

by on
in Employee Benefits Program,HR Management,Human Resources

The Pennsylvania Insurance Department has ensured payment of roughly $1 million in health claims that were never covered by insurance. The department broke up an insurance scheme by Nassau Employment Benefits Trust (NEBT), a New Jersey company that posed as an insurer and sold nonexistent accident and health insurance policies to Pennsylvania employers. NEBT has since gone bankrupt.

Allstaffing Inc., a human resource services provider in Lansford that enrolled employers in NEBT plans, is under a cease-and-desist order from the Insurance Department. Gerber Life Insurance Company, which brokered NEBT policies through its agent Elite Brokerage Services, will pay related claims because Elite failed to ensure that NEBT was a licensed insurer.

Tip: Make sure every vendor that handles your insurance is licensed. Find out by visiting the Insurance Department’s website at and searching under “quick links.” 


Leave a Comment

Previous post:

Next post: