business moves News

Rimkus Receives Approval for Quadcopter Drone Use in Forensic Investigations

Rimkus Consulting Group, a forensic engineering consulting services, announced it has received approval from the Federal Aviation Administration (FAA) to utilize small unmanned aircraft systems (UAS) – commonly referred to as drones – for aerial inspections of structures and facilities …

Risk Point Announces Hail Estimating Model to Curb $250M Overpayment

Risk Point, LLC, a provider of insurance for auto dealer inventory, has introduced a new estimating model for hail damage repair as a way to control ever increasing premiums and deductibles, and to eliminate what has long been a problem …

CCC Information Services Acquires DriveFactor

CCC Information Services Inc. announced it has acquired DriveFactor Inc., a provider of a highly robust, flexible technology platform for insurance telematics. CCC, a national SaaS technology provider to the auto insurance industry, will strengthen and extend DriveFactor’s technology to …

Nationwide Automates Auto Hail and Dent Repair

Ohio-based Nationwide Insurance has announced a more efficient way to estimate hail damage—Automated Mobile Hail Estimating. The program was piloted last year after a catastrophic event and will be rolled out across the country as an optional service in the …

AIG Invests in K2 Intelligence to Strengthen Cyber Mitigation Capabilities

American International Group recently announced that it has acquired a minority stake in K2 Intelligence, an investigative consultancy. The companies have agreed to co-develop products and services that support AIG’s efforts to help clients mitigate and manage their cyber risk, …

MedRisk Launches Functional Capacity Evaluation Program

MedRisk, Inc., the leader in managed physical medicine and diagnostic imaging services in workers’ compensation, has created a new Functional Capacity Evaluation program to provide claims professionals more effective decision-making tools and improve patient care. FCEs can be used to …

Allied Insurance to Cut 140 Jobs at Nebraska Location Over a Few Years

Allied Insurance is giving employees lots of notice about job cutbacks at its regional office in Lincoln. The Lincoln Journal Star reports that 140 jobs will be eliminated in claims and customer service between 2017 and 2020. That will slice …

Study Provides Reasons for Increasing Hospital Costs in Workers’ Comp

A new study from Mass.-based Workers Compensation Research Institute (WCRI), updates a recently published 33-state study with an extra year of data and the early impact analysis of major regulatory changes in North Carolina. The study, Hospital Outpatient Cost Index …

Insurance Veteran Launches Nelson Claims Consulting

Dallas-based Nelson Claims Consulting announced the formation of a highly specialized consulting group focused on providing management services to insurance carriers, policyholders and legal teams. The consulting firm specializes in high value and complex contents claims, contents claims review, dispute …

Ullico Announces $25 Million Fiduciary Liability Insurance Limits

Ullico announced that its property and casualty insurance subsidiary, Ullico Casualty Group, Inc., may offer up to $25 million in multiemployer fiduciary liability insurance in its program with Alterra America Insurance Company, a Markel company. The $10 million increase in …