TPA News

Ryze Claim Solutions to be Recapitalized by Bain Capital Insurance

Ryze Claim Solutions entered a definitive agreement to be recapitalized by Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital. Following the transaction, Ryze will be majority-owned by Bain Capital Insurance with members of the management team and …

Custard Insurance Adjusters, Inc. Announces Launch of Riverwood Claims Management, Inc. for US and London Markets

Peachtree Corners, GA, May 24, 2021 – Custard Insurance Adjusters, Inc. announced today the launch of their new TPA company, Riverwood Claims Management, Inc. Headquartered in Peachtree Corners, Georgia, Riverwood Claims Management, Inc. will specialize in a full range of …

Insurers Are Realigning Their Claims Intake Process to Meet New Demands

A new survey shows how expectations are changing around claims intake. It’s time for carriers and TPAs to find solutions that can change with the industry. It’s a time for new thinking in the insurance industry. Whether it’s insurtech companies …

What to Look for When Shopping for a Quality Claim Service

When looking to hire a third party vendor or administrator to handle claims, it’s important to consider the experience and history of not just the company, but also the claims handlers. That’s according to Kevin Quinley, founder and principal of …

IAS Claim Services Adds, Promotes Team Members in Texas

IAS Claim Services, based in San Antonio, Texas, announced the appointment of two new employees in their Third Party Administration (TPA) and Claims divisions. Tony Scow will serve as vice president of IAS TPA Services. With more than 25 years …

Avizent Acquires F.A. Richard and Associates

Avizent, a national claims and risk management service provider, announced the acquisition of F.A. Richard and Associates (FARA), a nationwide provider of workers’ compensation and liability claims management services based in Mandeville, Louisiana. With this acquisition, Avizent will become the …

Herlache Joins York Risk Services Group as VP, Sales, Midwest

Claims administration and risk management services provider, York Risk Services Group, has added Lee Herlache vice president of Sales for its Midwest territory. Herlache will focus primarily on sales activities supporting York’s Risk Management Practices division (York RMP), which provides …

Missouri AG Settles with TPAs Over Workers’ Comp Violations

Missouri Attorney General Chris Koster has reached agreements with two companies who the attorney general’s office says violated Missouri’s workers’ compensation law by knowingly failing to report worker injuries to the Division of Workers’ Compensation within the prescribed time frame. …

Indiana’s NCA Group Acquires NHI General Adjusters

National Catastrophe Adjusters Inc. (NCA Group), headquartered in Indianapolis, Ind., has acquired Kansas City, Mo.-based NHI General Adjusters. Founded in 1984, NHI General Adjusters has five locations in Missouri and Nebraska, and regularly services Kansas, Illinois, Arkansas and Iowa. NHI …

CompPartners Teams With Emerald Claims Management

Irvine, Calif.-based CompPartners has partnered with Emerald Claims Management to provide intake and triage services to injured employees. The program expedites the delivery of medical services to claimants and reduces lost-time claims, the companies said. “The most critical time for …