third party administrators News

Connecticut Insurance Firm Owner Pleads Guilty in $40M Fraud Scheme

The owner and manager of a Connecticut insurance firm pled guilty this week in federal court in White Plains, New York to conspiracy to commit wire fraud and bank fraud, according to prosecutors. Between 2015 and 2019, Anthony Riccardi, and …

TPA’s Quick Denials of First Responders’ Workers’ Comp Claims Draw Penalty

A workers’ compensation insurer must pay $100,000 under an agreement with Vermont state regulators because its claims administrator gave short shrift to claims for post-traumatic stress disorder and other occupational diseases. Acadia Insurance Co. on April 18 reached an agreement …

TDI to Agents, TPAs: Strict Liability Applies to Sales of Unauthorized Insurance

The Texas Department of Insurance is reminding all insurance agents and third party administrators (TPAs) that their licenses may be at risk and that they may be held responsible for assisting a company that is engaging in the unauthorized business …

Claims Industry Consolidation Continues with Sedgwick’s Purchase of York

Sedgwick Group announced this week 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 …

TPA Gallagher Bassett Names McNamara as Managing Director, Australia

Third party administrator Gallagher Bassett (GB)* has appointed John McNamara to the position of managing director – Australia, effective Jan. 1, 2017. McNamara succeeds Jon Winsbury who is moving into the role of executive vice president, Gallagher Bassett International. McNamara …

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 …

New Residential Earthquake Claim Program Introduced by American Claims Management and QBE

San Diego, CA, 06/18/13 – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that it has been appointed as the TPA for a new residential earthquake claim program for QBE Insurance Corporation. This …

American Claims Management Continues Expansion in Southeast

San Diego, CA, 05/08/13 – American Claims Management, Inc. (ACM), a national third party administrator with claims ancillary services, is continuing to establish a presence in the Southeast by expanding its Atlanta operations. The new Atlanta office space will house …

Centauri Expands its Business Relationship with American Claims Management

San Diego, CA, 04/22/13 – American Claims Management, Inc. (ACM), a national third party administrator, has expanded its Personal Property claims administration with Centauri Specialty Insurance Holdings, Inc. (Centauri). “ACM is thrilled to continue our expansion with the Centauri team. …

Titan Claims Management Announcing “Best in Class” Services

San Diego, CA 3/14/13 – Titan Claims Management is announcing their premier “Best in Class” services to include claims oversight to third party administrators, self-insured employers and insurance carriers for claims handling standards, full service medical management and all other …