Novus Adds Kerr Insurance Brokers for Third Party Administration
Improves Efficiencies in Administration and Sales
MIAMI, FL -- February 6, 2017 -- InvestorsHub NewsWire -- Novus
Acquisition and Development, Corp. (OTC
Markets: NDEV), through its wholly owned subsidiary WCIG
Insurance Services, Inc., is a diversified insurance entity in
health, liability, annuity and accident, and, the nations first
carrier/aggregator offering a cannabis health plan, announced today
the addition of Kerr Insurance Brokers, Inc. (Kerr) to act as Novus
Third Party Administrator in policy underwriting activities and
closings, of lead generation.
NOVUS
Health |Life | Liability
As Novus marketing efforts are becoming more effective, the
geo-fencing and cross digital device marketing platform strategies
are beginning to produce measurable results. Leads are flowing in
more consistently so it was appropriate now to align with Kerr
Insurance Brokers who will handle all the administrative duties for
Novus. Third-party administrators (TPAs) provide a variety of
services to the insurance industry. In regards to Novus, Kerr will
assist with the new lead generation opportunities and help expedite
the closing of customer policies, while providing timely customer
service and help in underwriting of policies.
Kerr will also provide risk management, billing services,
insurance agent training, data and analytics, and in some cases
give expertise in expansion to new markets. Novus views Kerr as an
experienced guide in claims handling and, most importantly, truly
an extension of the sales department that will procure patient
members for Novus more expeditiously without increasing overhead or
the burn rate. This alliance will free up Novus to
concentrate more on marketing efforts in lead generation and the
expansion of patient benefit packages.
Frank Labrozzi, Novus Chief Executive Officer, stated, We are
confident in Kerrs ability to deliver quality assurance metrics
and cost analysis that show that the Novus MedPlan is being
handled and serviced in a professional, timely and cost effective
manner. Kerrs contract includes a 35% fee on administrative
and patient procurement, a 15% cost reduction to Novuss bottom line
since the typical cost to an insurance company is approximately
50%. We view this as an optimal way to conduct business in being
able to deliver high quality service and deliver high margins to
our insurance programs.
Andrew Kerr, Kerr Insurance Brokers Chief Executive Officer,
stated, We are excited to work more closely with Novus MedPlan and
assist in their administration and sales operations. While we have
been shareholders of Novus well before we became their TPA, we have
been impressed with the companys management and intimate knowledge
of the MMJ industry. Not only do they possess the foresight to see
the potential for where this industry is headed but also
understands the needs for patients to access affordable alternative
care. The culture Novus has developed is nothing shy of high
quality and care for policyholders as well as shareholders. Kerr
Insurance has built it's business with these same values and we
look forward to working with Novus to deliver exceptional
healthcare to the industry and we now look forward to being active
in helping their business grow in an efficient and scalable
model.
About Kerr Insurance Brokers, Inc.
Kerr Insurance Brokers, Inc. is a business founded by Andrew T.
Kerr , Rebecca H. Kerr and Mike Ginsberg in 2008. Kerr
Insurance Brokers, Inc. is an independent insurance firm that
accesses over 150 commercial insurance companies and health
insurance companies. Kerr insures over 450 businesses
throughout California and other western states. We believe the
future of our economy is the small business sector and as
technology advancements take place more independent small
businesses and consulting firms will open their doors. These
disruptive industry trends will continue to create
new regulatory changes and economic shifts that will
forever change the way business operate in the United States. Like
never before the small business sector will require a risk
management relationship that can manage liability, keep employees
protected and understand the dynamic of a small business culture
without conflict and limitations.
For more information, please visit: http://www.inskerr.com
About Novus
Novus Acquisition & Development Corp. (NDEV),
through its subsidiary WCIG Insurance, provides health insurance
and related insurance solutions within the wellness and medical
marijuana industries in states where legal programs exist. Novus
has developed its infrastructure within many lines of the insurance
business such as, health, property & casualty, life, accident
and fixed annuities.
Novus medical cannabis benefits package will work as outside
developers and will not cultivate, handle, transport grow, extract,
dispense, put up for sale, put on the market, vend, deliver,
supply, circulate, or trade cannabis or any substances that violate
the United States law or the Controlled Substances Act, nor does it
intend to do so in the future and will continue to follow state and
federal laws. The statements made about specific products have not
been evaluated by the United States Food and Drug Administration
(FDA) and are not intended to diagnose, treat, cure or prevent
disease. All information provided on these press releases or any
information contained on or in any product label or packaging is
for informational purposes only and is not intended as a substitute
for advice from your physician or other health care professional.
Once a push notification is competed the transaction is solely
between the state-licensed dispensary and the registered
patient.
The state laws are in conflict with the federal Controlled
Substances Act. The current administration has effectively stated
that it is not an efficient use of resources to direct federal law
enforcement agencies to prosecute those lawfully abiding by state
designated laws, allowing the use and distribution of medical
marijuana. However, there is no guarantee that the current
administration, nor any future administration, will not change this
policy and decide to enforce the federal laws strongly. Any such
change in the federal government's enforcement of current federal
laws could cause significant financial changes to Novus Medical
Group. While we do not intend to harvest, distribute or sell
cannabis or cannabis related products, we may be harmed by a change
in enforcement by federal or state governments.
Forward-Looking Statements
This release includes forward-looking statements, which are
based on certain assumptions and reflects management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include: general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to
whether our strategies and business plans will yield the expected
benefits; increasing competition; availability and cost of capital;
the ability to identify and develop and achieve commercial success;
the level of expenditures necessary to maintain and improve the
quality of services; changes in the economy; changes in laws and
regulations, includes codes and standards, intellectual property
rights, and tax matters; or other matters not anticipated; our
ability to secure and maintain strategic relationships and
distribution agreements. Novus Medical Group disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact Information
Corporate:
Chairman and CEO
Frank Labrozzi
frank@ndev.biz
855-228-7355
Investors:
Hayden IR
hart@haydenir.com
917-658-7878
