FARA News

York Challenges Louisiana’s Award of Insurance Program Contract

A company passed over by the Jindal administration to run Louisiana’s self-insurance program claims it suffered bias in its losing bid. The Advocate reports that York Risk Services Group is challenging the award of the $80 million, three-year contract to …

Auditors: Risk Management Privatization Saved Louisiana $10M

Louisiana has saved more than $10 million in the first two years of a privatization contract for claims processing and loss prevention services for the Office of Risk Management, auditors told lawmakers. Members of the Legislative Audit Advisory Council said …

Richard Named President of FARA

David Richard will assume the position of president of F.A. Richard and Associates (FARA), York Risk Services Group Inc. (York) announced. Louisiana-based FARA became a part of the York Risk Services organization in 2011. FARA provides insurance and risk management …

Private Claims Firm Saves Louisiana’s Risk Management Agency $1.4M

A private company based in Mandeville contracted to run much of the claims processing and management handled by Louisiana’s Office of Risk Management has been producing results ahead of schedule, legislative auditors said. Emily Wilson, performance audit manager for the …

Avizent Acquires Lousiana-based F.A. Richard and Associates

Avizent, a national claims and risk management service provider based in Columbus, Ohio, announced it has acquired F.A. Richard and Associates (FARA), headquartered in Mandeville, La. With this acquisition, Avizent expands its footprint in the west, and significantly increases operational …