ATI Restoration Announces First Acquisition ATI Restoration has acquired Mark 1 Restoration Services in Morristown, N.J., a regional restoration firm with three branch offices on the East Coast. ATI, based in Anaheim, Calif., bills itself as “the nation’s largest family-owned …
Guy Carpenter Using Synthetik to Model Terrorism Risk Guy Carpenter & Co. says it has entered into “an exclusive multi-year agreement” with Synthetik Applied Technologies to enhance its proprietary terrorism modeling product, Sunstone. Synthetik is an Austin-based engineering company that …
COVID-19 and the onset of a deep global recession are reshaping every corner of workers’ compensation, from legal issues surrounding coverage to the delivery of care to injured workers. Some of the changes can be anticipated based on prior recessions. …
RiskStream Launches Innovation Lab The RiskStream Collaborative, a consortium of insurers that making a joint investment in blockchain technology, has created a new entity that will work with insurers, non-insurance organizations and governmental agencies that are looking to explore targeted …
Clara Analytics Hires CEO Clara Analytics, a data analytics provider to the commercial insurance industry, has appointed Gary Hagmueller as chief executive officer as the founder of the company steps down from the helm to take over the role of …
Greenlight Bets on Cove to Simplify Insurance Purchases Greenlight Re Innovations, a division of Greenlight Re, a specialist property and casualty reinsurer headquartered in the Cayman Islands, announced that it has invested in Cove Ltd, managing general agent based in …
While there are many different segments of the commercial insurance industry, they often share a similar story. From my vantage point, the workers’ compensation system was designed to help both injured workers and employers by guaranteeing care and compensation for …
The insurance industry has operated with great consistency and clear processes for many years. People may not always like or agree with how things work, but nearly everyone from the consumer to the provider essentially goes with it — no …
Injured workers who hire attorneys to handle their workers’ comp claims tend to stay on temporary disability longer, according to a newly released white paper by CLARA Analytics, an artificial intelligence and data science company that specializes in machine learning …
Sedgwick has finalized the purchase of global loss adjusting, claims management and risk solutions firm Cunningham Lindsey and its subsidiaries. The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the …