business moves News

PURE Introduces Self Serve Member Portal

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, announced the release of the PURE Member Portal, a secure, online platform providing members with self-serve access to important claims, billing …

Donan Opens Two Offices in California

Donan, a forensic investigation firm, has opened new offices in San Diego and Los Angeles, Calif. Both locations began offering forensic engineering services July 1. San Diego and Los Angeles are part of a larger westward expansion and follow recent …

ACON Investments Acquires Injured Workers Pharmacy

ACON Equity Partners III, L.P., a private equity investment fund affiliated with ACON Investments, L.L.C. announced it has completed the purchase of Injured Workers Pharmacy, L.L.C. , from Audax Group and Parthenon Capital Partners. IWP is a leading specialty pharmacy …

Caliber Collision Opens New Facility in North Texas

Caliber Collision Centers announced the grand opening of its newest state-of-the-art facility located at 451 South Westgate Way in Wylie, Texas. According to Steve Grimshaw, Caliber Collision Centers’ chief executive officer, “Our new Wylie center is our third advanced repair …

CVI Acquires New Mexico-based Bauer Investigation

Claims Verification Incorporated (CVI), a national supplier of special investigation and surveillance services to the insurance industry, has announced its acquisition of all of the assets of Bauer Investigation of Albuquerque, N.M. CVI was founded in 1976 and has operations, …

Mitchell International Improves Workers’ Comp Bill Review With Latest Product

Mitchell International, a provider of technology, connectivity and information solutions to the property & casualty claims and collision repair industries, announced the SmartGuidelines tool, the latest component of the Mitchell SmartAdvisor bill review software. The SmartGuidelines feature provides an integrated …

After Berkshire Accord Liberty Mutual Sells $750M Bond

Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett’s Berkshire Hathaway Inc. for covering the insurance company’s liabilities tied to asbestos. The 4.85 percent, 30-year notes were sold to …

ABRA Auto Body & Glass Expands Operations in Minnesota

ABRA Auto Body & Glass, a national damaged vehicle repair company, announced the opening of its newest franchise repair center in Princeton, Minn. The company now operates 48 independently-owned franchises and 182 company-owned locations for a total of 230 in …

Onex Corp. to Purchase York Risk Management

Toronto-based private equity firm Onex Corp. says it has agreed to acquire U.S. risk management firm York Risk Services Group Inc. for US$1.33 billion. Onex said Wednesday that the transaction is expected to close in the third quarter. York Risk …

Liberty Mutual Reaches Reinsurance Deal With National Indemnity

Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …