Business Moves
Cover-All Technologies Inc.
Cover-All Technologies Inc., a Delaware corporation, acquired the assets of BlueWave Technology, including its insurance claims software, PipelineClaims, in a cash transaction.
The Cover-All/BlueWave browser-based claims administration software will be marketed both as a stand-alone product, as well as a fully integrated component within Cover-All’s existing policy and business intelligence products, offering Cover-All customers a fully integrated, full function business technology platform.
Cover-All will retain most of the employees of BlueWave, including Alyssa Hostelley, president, and Keith Inouye, chief operating officer.
Cover-All also announced that Aaron Herrmann is joining as vice president of sales. Herrmann has more than 16 years of insurance software sales experience and nine years of providing claims administration solutions to the industry.
York Risk Services Group (York)
York Risk Services Group, a national provider of claims-management, specialized loss adjusting, insurance pool administration and other insurance services, acquired Dublin, Ohio-based Avizent.
The terms of the acquisition were not disclosed.
Avizent, a national third-party administrator, provides claims management services, managed care services, alternative risk financing options and a variety of loss control services to clients including public entities, self-insured clients and carriers.
Colonial Claims Corporation
The principals of Colonial Claims Corp. announced that a subsidiary of Brown & Brown Inc. has acquired certain assets of Colonial Claims Corp., Continental Claims Corp., and Colonial Claims of Kentucky Inc. (collectively, “Colonial Claims”).
With combined annualized net revenues of approximately $6.6 million, Colonial Claims provides insurance claims adjusting and related services, including education and training services, throughout the United States.
Following the transaction, the acquired Colonial Claims operations will continue to operate from their existing locations in Lexington, Ky., and Dunedin, Fla., under the leadership of Doug Branham.
Brown & Brown Inc., through its subsidiaries, offers a range of insurance and reinsurance products and related services.
T&H Global Holdings LLC
T&H Global Holdings LLC, a provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities, announced its VeriClaim Inc. subsidiary acquired Cramer, Johnson, Wiggins & Associates Inc. (CJW), a provider of loss adjusting and third-party administration services to the global property and casualty insurance market.
With 11 offices throughout Florida, Texas and Georgia, CJW specializes in both property and liability claims services, including adjustments, investigations, appraisals and surveys.
Through its TPA operation, CJW provides property/casualty claims management services to a global client base of insurance carriers, public entities, Lloyds of London syndicates, brokers and associations.
IAS
Headquartered in San Antonio, Texas, IAS, a claim services provider in more than 27 states, purchased Jim Buckley & Associates of Anaheim, Calif. The regional adjusting firm, also operating under the name JBA Insurance Adjusters, has multiple office locations covering California, Arizona and Nevada.
JBA Insurance Adjusters will immediately begin operating as IAS Claims Services.
The acquisition gives IAS a footprint servicing more than one-third of the U.S. population for day-to-day property/casualty claims and two-thirds of the U.S. population for catastrophic claims.
Buckley, who brings more than 20 years of claims industry leadership, will become a regional vice president of IAS Claim Services in charge of the Western United States. He also will lead IAS Claim Services’ large loss unit across the company.
Engle Martin & Associates Inc.
Engle Martin & Associates Inc., a commercial loss adjusting and claims management firm, has extended its national presence with the opening of three new locations during the third quarter of 2011.
The company has expanded into Tucson, Ariz., Fayetteville, Ark., and Jackson, Miss., increasing its total number of service locations to 36.
The Tucson location marks Engle Martin’s second office in Arizona and will support the established Phoenix office in servicing the entire state. With more than 20 years of insurance industry experience, John Vincent, general adjuster, will lead the new office. Vincent specializes in adjusting multi-line commercial insurance claims, including property, casualty, auto liability and auto physical damage.
The new Fayetteville, Ark., office will service a tri-state area, including northwest Arkansas, northeast Oklahoma, and southwest Missouri. Leading the office is Deven Dagen, general adjuster, with more than 30 years of experience in the claims industry.
The addition of the Jackson, Miss., office will extend the company’s coverage around the Gulf of Mexico. Patrick Blankenship, general adjuster, will lead the Jackson office, providing the market with 13 years of adjusting experience, as well as a background in commercial property management and commercial real estate.
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