Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow federal and state government and industry standards to …
Mitchell Adding QANI to Portfolio Mitchell | Genex | Coventry has agreed to buy QualCare Alliance Networks, a managed-care organization serving New Jersey, Pennsylvania and New York. San Diego-based Mitchell said in a press release that the purchase will strengthen …
Crawford & Co. Shuffles Executive Assignments Crawford & Company has reassigned several executives as part of a new organizational structure that aligns the company to three lines of business: loss adjusting, third-party administration and platform solution. Andrew Bart assumes the …
New CEO, President Take Helm at Crawford & Co. Crawford & Company has appointed Rohit Verma as chief executive officer to replace Harsha V. Agadi, who stepped down as CEO and president , but will return to the company’s board …
Tristar Buys RMS Tristar Insurance Group, a privately owned third-party claims administrator based in Long Beach, Calif., has agreed to purchase Aspen Risk Management Group. Aspen, located in San Diego, provides remote ergonomics, online service platforms, and consulting services to …
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 …
CLM Launches Universal Claim Certification The CLM, formerly known as the Claims and Litigation Management Alliance, has launched a universal claims certification that allows claims adjusters to secure licenses in six states. CLM said licensed adjusters must simply register for …
Travelers Paying Claims with PayPal Travelers has launched a new service that allows auto, property and general liability policyholders to receive claim payments through PayPal. The carries link to PasyPal comes through Global Digital Disbursements, a service provided by Bank …
Sedgwick announced Monday that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which must be approved by federal regulators — would mark Sedgwick’s third acquisition …
A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains unsettled in much of the country. …