Today’s issue of WorkCompRecap features the announcement from TRISTAR Insurance Group that it has acquired Risico Claim Management, Inc. and Risico Total Managed Care, Inc.’s self-insured book of business.
TRISTAR noted that the acquisition is a strategic move that will further strengthen its footprint in California’s Central Valley region, with Risico headquartered in Fresno. Risico was founded by William J. Van Beurden in 1999, and maintains a clientele that primarily consists of public agencies and food processors, industries where TRISTAR noted they have built a strong reputation and the acquisition can improve the strength of TRISTAR’s bench. The transaction is expected to close effective February 1st.