Third Party Administrator News
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TPA’s Quick Denials of First Responders’ Workers’ Comp Claims Draw Penalty
Apr 29 2022 // 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...
Charles Taylor Acquires Wisconsin TPA, Insurance Management Firm Aegis
Jan 6 2021 // Charles Taylor, a technology products and services to the global insurance market, has acquired Aegis Corp. (Aegis), a Wisconsin-based provider of mutual management and third party claims administration. Aegis provides...
Davies Acquires Massachusetts’ TriPlus Service in North American Expansion
Sep 22 2020 // Davies, a specialist professional services and technology business, has acquired TriPlus Service Inc, a long-term care insurance third party administrator (TPA) based in Massachusetts. TriPlus provides its long-term care...
Origami Risk Taps Bennett, Bentley to Lead New Operating Units in Chicago
Oct 7 2019 // Chicago-based Origami Risk, a risk and insurance Software as a Service (SaaS) technology firm, has formed two new operating divisions – Risk Solutions and Core Solutions – and appointed Earne Bentley and Christopher...
TDI to Agents, TPAs: Strict Liability Applies to Sales of Unauthorized Insurance
Aug 15 2019 // 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...
Claims Industry Consolidation Continues with Sedgwick’s Purchase of York
Jul 10 2019 // 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...
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