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In Your Business - News related to the Business end of Catastrophe claims handling.
 

Colonial Claims expands in Florida with first acquisition in 2021

Source: Colonial Claims Press Release

DUNEDIN, FL; February 03, 2021:Colonial Claims LLC, one of the nation’s largest independent insurance claims service companies, has acquired Tampa area business Premier Adjusting and Catastrophe Services, Inc., a full-service first and third-party claims handler for residential and commercial losses.

The move strengthens Colonial’s daily claims business and introduces appraisal and TPA services to its growing lines of business, while giving Premier access to additional resources to support its growth, including Colonial’s robust in-house adjuster training center.

 


WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

"Fishers, IN – March 10, 2020 – Worley Claims Services LLC, a recognized leader in providing insurance claims services in North America, announced the launch of a new company brand and name to Alacrity Solutions Group effective immediately. The change reflects the company’s broader commitment and its expertise in providing innovative claims management services in the property, auto and casualty claim marketplace."


The advantage of recruiting non-insurance workers as claims professionals

Source: canadianunderwriter.ca

For independent adjusters, the need to replace retiring workers is becoming more urgent.
 

“A number of our front-line adjusters are very senior, very talented and experienced,” said Paul Féron senior vice president for Ontario and Manitoba at ClaimsPro LP. “In the next 5 to 10 years, a significant number of them will be retiring and deserve to retire. We need to be implementing proper succession planning and mentoring programs.”

Source of the above excerpt: canadianunderwriter.ca


Sedgwick to buy rival Cunningham Lindsey

Source: BUSINESS INSURANCE HOLDINGS

"Sedgwick Claims Management Services Inc. has agreed to buy London-based loss adjuster and claims management firm Cunningham Lindsey Group Ltd., the firms announced on Wednesday.


Details of the transaction, which is expected to close in 2018, were not disclosed.

David North, Sedgwick’s president and CEO, said in an interview that the transaction significantly increases the firm’s international presence.

“Cunningham Lindsey has ... gone through an amazing transformation as a company. They brought in a new leadership team at the corporate level about three years ago and they’ve done an outstanding job of getting that company in leading positions in a variety of places around the world,” he said."


CRAWFORD & COMPANY® ACQUIRES MAJORITY INTEREST IN WEGOLOOK®, LLC

Atlanta, GA – December 6, 2016 – Crawford & Company® (www.crawfordandcompany.com) (NYSE: CRD-A and CRD-B), one of the world's largest independent providers of claims management solutions to insurance companies and self-insured entities, today announced the acquisition of a majority interest in WeGoLook®, LLC (WGL™ or WeGoLook), an online and mobile collaborative economy platform headquartered in Oklahoma City, Oklahoma. This strategic investment in WeGoLook will enable Crawford® to revolutionize, automate and expedite the claim handling process by utilizing a large mobile workforce for automotive and property inspections. The acquisition of 85% of the membership interests of WeGoLook by Crawford, which is subject to certain conditions, has been approved by the Board of Directors of both companies for $36.125 million and is expected to close in early January 2017. 

Crawford & Company® Launches Australia’s First National Insurance Drone Service

Crawford 7/6/16 Press Release

SYDNEY (6 July, 2016) – Crawford & Company® has launched Crawford® Drone, designed to significantly improve catastrophe and operational claims management by providing real-time detail.

Darren Trot, Crawford’s national business development manager, said, “Drone technology ideally complements traditional claims assessment practices and gives us access to areas that were previously inaccessible or hazardous.”


ICAT Partners with Neon to Provide Additional Catastrophe Capacity

Source: ICAT Website

Partnership will allow ICAT to write additional per-risk cat capacity in the U.S. E&S market

Broomfield, CO: ICAT has teamed up with Neon, the specialist Lloyd’s insurer, to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the United States. The partnership expands ICAT’s per-risk catastrophe capacity up to $150 million.

ICAT’s partnership with Neon, along with ICAT’s comprehensive coverage, best-in-class service, industry-leading expertise and innovative product solutions, demonstrates ICAT’s commitment to continual service and product enhancements for their agents, brokers and insureds.

Engle Martin Closes Acquisition of Eberl

ATLANTA--(BUSINESS WIRE)--Engle Martin & Associates, a diversified insurance services provider, completed its acquisition of a majority share of Eberl’s Claim Service, Inc. and its related companies on September 1, 2015. Eberl provides a full suite of complementary daily and catastrophe loss adjusting and claims-related services, with a focus on residential and automobile insurance claims. Eberl will continue to run independently within the Engle Martin family of brands via its own stand-alone management team under the name Eberl Claims Service, LLC. The addition of Eberl, Engle Martin’s fourth acquisition in less than two years, further solidifies Engle Martin’s position as a leading insurance services platform with an enhanced and diversified service offering and a broader client base.

Crawford & Company(R) Acquires GAB Robins

ATLANTA (December 1, 2014) — Crawford & Company today announced that it has completed the purchase of GAB Robins Holdings UK Limited (GAB Robins), a loss adjusting and claims management provider headquartered in the UK. The acquisition of GAB Robins will enable Crawford to significantly expand its claims handling business across a wide range of product lines in the UK and bolster its global specialty lines claims services.

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