Santa Clara, CA – CLARA Analytics recently announced its $24 million Series C funding, bringing its total funding to $60 million. This round was led by new investor Spring Lake Equity Partners, with participation from existing investors including Aspen Capital Group, Oak HC/FT, and QBE Ventures. “Insurers are facing increased pressure to manage losses and… [Read more]
Claims, Legal, & Compliance News
CA AGl Bonta Announces Arrest of Doctor for Illegal Opioid Prescription Scheme
Santa Clara, CA – California Attorney General Rob Bonta recently announced the arrest of and filing of charges against Dr. Arash Padidar, a Santa Clara County doctor accused of illegally prescribing opioids to patients. The arrest and charges are the result of an investigation into an alleged two-years-long illegal prescription scheme by the California Department… [Read more]
Ametros Announces Two C-Suite Promotions
Wilmington, MA – Ametros recently announced that it has expanded its C-Suite with the promotions of two accomplished executives. As of September 1, Andrea Mills, formerly Executive Vice President of Sales, was promoted to Chief Client Officer and Gal Zhovnirovsky, formerly Executive Vice President of Operations and Engineering, became Ametros’ Chief Operating Officer. “Since joining… [Read more]
NCCI Releases 2023 Regulatory & Legislative Trends Report
Boca Raton, FL – NCCI recently released its 2023 Regulatory and Legislative Trends report, which provides an overview of key legislative, regulatory, and other developments affecting the workers compensation system. The information aligns with the legislative cycle to include the latest countrywide, regional, and individual state actions and trends as of July 31, 2023. Resources… [Read more]
MSPN Announces 2023 Annual Conference, Offers Hybrid Format
Baton Rouge, LA – The National Medicare Secondary Payer Network recently announced that the 20th Annual MSPN Educational Conference, It’s Showtime, will be held in a hybrid format, November 8-10, 2023. The National MSP Network is the only national Medicare Secondary Payer organization, and this year’s conference will be quite the showstopper. The conference is… [Read more]
Charles Taylor Appoints Steven Beard as Group President
New York, NY – Charles Taylor recently announced the appointment of Steven Beard as Group President, effective 01 September. Steven joins Charles Taylor from Ardonagh Specialty where he most recently served as CFO. He has held several prior roles as CEO, CFO and COO in Professional Services and Insurance companies. In his new role and… [Read more]
CLARA Analytics and ClaimDeck Announce Strategic Partnership
Santa Clara, CA – CLARA Analytics and ClaimDeck recently announced they have formed a strategic partnership to help carriers manage their litigation rates and drive better legal outcomes. Both CLARA and ClaimDeck insurance claims solutions are innovative technology platforms that use claims data to optimize the litigated claims outcome and mitigate rising litigation costs. CLARA’s… [Read more]
New Webinar to Explore Large Language AI: Implications and Practical P&C Applications
Alpharetta, GA – Redhand Advisors recently announced a new webinar featuring Spear Technologies, George Hills and Microsoft that will delve into the world of artificial intelligence and its practical applications for Property and Casualty (P&C) insurance. As the insurance industry continues to evolve, the advent of advanced AI technologies presents tremendous opportunities for efficiency, accuracy,… [Read more]
Report: Extreme Heat Increased Workers’ Comp Claim Costs in NC
Raleigh, NC – According to a new report, North Carolina employers may be paying higher workers compensation claim costs in years with more hot weather. The Excessive Heat in North Carolina report found a link between extreme heat exposure in four major industries and avoidable costs to employers, including increased worker compensation for missed wages.… [Read more]
Georgia Administrative Services Selects Klear.ai for Claims Data Analysis
Cypress, CA – Klear.ai recently announced a strategic partnership with Georgia Administrative Services, Inc. (G.A.S.), a leader in third-party administration services for Georgia Workers’ Compensation Insurance Programs. This collaboration involves the implementation of Klear.ai’s Advanced Analytics platform and other supporting software enhancing G.A.S.’s highly regarded, personalized customer service and claims management, as well as other… [Read more]