third party administrator News

Business News: Tristar, George Hills, RiskStream Collaborative, Verisk

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 …

Business News: RiskStream, Sedgwick, Clara Analytics

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 …

Business News: CLM, Davies and ASC, Friss and Guidewire

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 …

Business News: Travelers, VenAssure, Sedgwick Make Announcements

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’s Purchase of York Furthers Consolidation of TPA Industry

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 …

Iowa Bars Bad Faith Against TPAs, but Question Unsettled Elsewhere

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. …

American Claims Management Earns Security American Risk Retention Group Business

San Diego, CA, 06/16/14 – Security America Risk Retention Group (RRG) has appointed American Claims Management Inc. (ACM), a national third party administrator (TPA), to manage its general liability and professional liability claims. Security America RRG offers general liability and …

New Provider Portal Saves Time & Money for American Claims Management Customers

San Diego, CA, 05/28/14 – American Claims Management Inc. (ACM), a national third-party administrator, unveiled its new bill review Provider Portal in April. The Provider Portal was developed by ACM’s bill review partner, Marquee Managed Care Solutions, as a way …

Broadspire Launches New Operations Command Center

Broadspire, a Crawford Company and third-party administrator of workers compensation claims, liability claims and medical management services, has implemented a Command Center. The Command Center can help reduce employer’s loss costs by making the claims process more effective and efficient. …

American Claims Management Wins El Camino Hospital Contract

San Diego, CA, 08/01/13 – American Claims Management Inc. (ACM), a national third party administrator (TPA), has been selected as the workers’ compensation TPA for El Camino Hospital in Northern California. As a self-insured organization, El Camino Hospital’s claim expenses …