Posted on 04 Aug 2010
York Risk Services Group, Inc. (York), a premier national provider of claims-handling, specialized loss adjusting and other risk management services, on Tuesday announced that its Alternative Risk Solutions (ARS) division has acquired the assets and assumed the contracts of California-based Great Western Administrators, Inc. The terms of the acquisition were not disclosed.
York has extended employment offers to Great Western's employees and expects that they and the previous owners of Great Western will play an active role in the successful transition of services.
Great Western provides claim service oversight for four California Self-Insurance Groups (“SIGs”): California Livestock Producers (CLP); California Agricultural Products (CAP); California Contractors Network (CCN) and California Farm Management (CFM).
“With this acquisition, we further enhance York’s capabilities as a premier provider of claims services to entities that employ alternative risk financing mechanisms,” said Tony Galioto, president and chief executive officer, York. “In addition to SIGs like Great Western’s, York also provides high-quality claims administration services to self -insureds, high deductible insureds, captive insurers of all types, risk pools and less common arrangements, such as corridor deductibles, super pools and loss portfolio transfers. York recognizes the unique relationships associated with the four SIGs and their administration partners, and we look forward to taking an expanded role in servicing their claims,” added Galioto.
About York Risk Services Group
York Risk Services Group, Inc. is a premier provider of claims-handling, specialized loss adjusting, risk pool administration and other risk management services nationwide. York provides risk management solutions to a wide variety of strategic partners, including insurance carriers, self-insureds, brokers, wholesalers, MGAs, programs and public entities. York delivers customized claims solutions for all lines of business, including property, liability, products liability, ocean and inland marine, environmental, transportation and logistics, construction, and workers’ compensation and managed care. York is based in Parsippany, N.J., and has more than 1,200 employees nationwide. Visit us on the Web at www.yorkrsg.com.