Subrogation | Jotup

CCC Intelligent Solutions Holdings Inc. Announces First Quarter 2024 Financial Results

Retrieved on:

Tuesday, April 30, 2024

Professional Services, IOT (Internet of Things), Technology, Insurance, Software, Networks, Internet, Cloud, P&C, Sale, Total, AI, Life, CCC, Subrogation, GAAP, Cryptocurrency

CCC Intelligent Solutions Holdings Inc. (“CCC” or the “Company”) (NASDAQ: CCCS), a leading cloud platform for the P&C insurance economy, today announced its financial results for the three months ended March 31, 2024.

Key Points:

CCC Intelligent Solutions Holdings Inc. (“CCC” or the “Company”) (NASDAQ: CCCS), a leading cloud platform for the P&C insurance economy, today announced its financial results for the three months ended March 31, 2024.
“CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and 41% adjusted EBITDA margin –both above our guidance ranges.
GAAP operating income was $7.8 million for the first quarter of 2024, compared with GAAP operating income of $13.3 million for the first quarter of 2023.
Adjusted operating income was $84.1 million for the first quarter of 2024, compared with adjusted operating income of $70.3 million for the first quarter of 2023.

CCC® Inbound Subrogation Streamlines Claims Resolutions

Retrieved on:

Wednesday, March 20, 2024

Data Management, Automotive, Technology, IOT (Internet of Things), Professional Services, General Automotive, Software, Artificial Intelligence, Networks, Internet, Insurance, Subrogation, History, Classification, AI, Workflow, P&C, CCC, Sales

Inbound subrogation, the process of evaluating and resolving claims demands initiated by third parties, is a crucial aspect of insurance operations.

Key Points:

Inbound subrogation, the process of evaluating and resolving claims demands initiated by third parties, is a crucial aspect of insurance operations.
CCC Inbound Subrogation leverages AI and advanced technology to streamline the claims review process, improving cycle time and reducing manual intervention.
“Technological innovations that use AI like CCC Subrogation are reshaping this landscape, offering insurers the opportunity to expedite processes and improve accuracy, ultimately driving operational efficiency and better customer outcomes.”
CCC Inbound Subrogation is part of CCC® Subrogation , a suite of solutions that apply AI and workflow automation to both outbound and inbound subrogation.
“Our experience with CCC’s Inbound Subrogation solution has exceeded our expectations,” said Anthony Galianese, Director of Technical Claims, CURE Auto Insurance .

Plymouth Rock Assurance Corporation Appoints Max Malaret as Vice President of Claims

Retrieved on:

Wednesday, October 11, 2023

Insurance, Professional Services, Hult International Business School, Universidad Metropolitana, MBA, Subrogation, Equity, ERG, DE, Employee resource group, Diversity, Liberty Mutual, Management

Today, Plymouth Rock Assurance Corporation announced that Max Malaret has joined its Independent Agency Auto Group as Vice President of Claims.

Key Points:

Today, Plymouth Rock Assurance Corporation announced that Max Malaret has joined its Independent Agency Auto Group as Vice President of Claims.
In this role, Malaret will lead the Physical Damage team and provide oversight to claims training and leadership development, and drive strategic direction for claims operations.
“Max brings a breadth of experience from across the claims discipline,” said Paul Measley, Chief Claims Officer, Plymouth Rock Assurance Corporation.
For more information about career opportunities at Plymouth Rock Assurance, visit: www.plymouthrock.com/about/careers

Custard Companies Expands into Canada with Acquisition of SIAdvisers Consulting & Solutions, Inc.

Retrieved on:

Monday, November 7, 2022

TPA, Coronation Dental Specialty Group, CIA, Risk management, Custard, Knowledge, CEO, Organization, Market share, Subrogation, Acquisition, Management

PEACHTREE CORNERS, Ga., Nov. 7, 2022 /PRNewswire/ -- Custard Companies is pleased to announce its expansion into the Canadian market with the acquisition of SIAdvisers Consulting & Solutions, Inc., a Toronto-based company, and its subsidiary, Desktop Solutions.

Key Points:

PEACHTREE CORNERS, Ga., Nov. 7, 2022 /PRNewswire/ -- Custard Companies is pleased to announce its expansion into the Canadian market with the acquisition of SIAdvisers Consulting & Solutions, Inc., a Toronto-based company, and its subsidiary, Desktop Solutions.
"We are extremely excited to expand into the Canadian market with the talent and experience of SIA," states Charlie Peek, CEO of Custard.
Scott Francis, President and CEO of SIAdvisers stated "The synergy between our organizations was a driving factor in the decision to be acquired by Custard.
We are very excited to see what the future holds for SIA under the Custard umbrella."

Custard Companies Expands into Canada with Acquisition of SIAdvisers Consulting & Solutions, Inc.

Retrieved on:

Monday, November 7, 2022

TPA, Coronation Dental Specialty Group, CIA, Risk management, Custard, Knowledge, SIA, CEO, Organization, Market share, Subrogation, Acquisition, Management

PEACHTREE CORNERS, Ga., Nov. 7, 2022 /PRNewswire/ -- Custard Companies is pleased to announce its expansion into the Canadian market with the acquisition of SIAdvisers Consulting & Solutions, Inc., a Toronto-based company, and its subsidiary, Desktop Solutions.

Key Points:

PEACHTREE CORNERS, Ga., Nov. 7, 2022 /PRNewswire/ -- Custard Companies is pleased to announce its expansion into the Canadian market with the acquisition of SIAdvisers Consulting & Solutions, Inc., a Toronto-based company, and its subsidiary, Desktop Solutions.
Scott Francis, President and CEO of SIAdvisers stated "The synergy between our organizations was a driving factor in the decision to be acquired by Custard.
We are very excited to see what the future holds for SIA under the Custard umbrella."
"We are extremely excited to expand into the Canadian market, especially with such talented and experienced professionals as those at SIA," states Custard CEO, Charlie Peek.

NASP Verified Subrogation Data

Retrieved on:

Friday, August 19, 2022

National Association, Subrogation, NASP, Multimedia, CEO, Industry, Benchmarking, Online shopping

These groups are falsely using the name of NASP (National Association of Subrogation Professionals) without permission and erroneously citing NASP as the source.

Key Points:

These groups are falsely using the name of NASP (National Association of Subrogation Professionals) without permission and erroneously citing NASP as the source.
The data is false and does not represent true metrics of the subrogation industry.
NASP Benchmarking reports are a trusted source of accurate and timely subrogation data.
NASP Benchmarking reports are a trusted source of accurate and timely subrogation data.

AF Group Announces 2022 Employee and Leadership Awards

Retrieved on:

Wednesday, August 17, 2022

People, Employment, Hall, CEO, Leadership, AF, AF Group, Pinnacle, Health, Mentorship, Character, Empathy, Goal, Insurance, Solution, Time, Public relations, Management, Subrogation

LANSING, Mich., Aug. 17, 2022 /PRNewswire/ -- AF Group , a nationally recognized holding company whose affiliated brands provide specialty and workers' compensation insurance solutions across the United States, has named the recipients of its annual employee and leadership awards.

Key Points:

LANSING, Mich., Aug. 17, 2022 /PRNewswire/ -- AF Group , a nationally recognized holding company whose affiliated brands provide specialty and workers' compensation insurance solutions across the United States, has named the recipients of its annual employee and leadership awards.
These significant honors recognize individuals who demonstrate outstanding character, leadership and an exceptional commitment to the award-winning People First culture of AF Group and its brands.
"Kim is an incredible asset to AF Group," said Lisa Corless, president and CEO.
In addition to Leader of the Year and Employee of the Year, AF Group recognizes outstanding employee contributions with the Pinnacle, Horizon and Legend Awards.

MASSIVE Announced as Exclusive Lien Resolution Administrator for Mallinckrodt Opioid Bankruptcy Trust

Retrieved on:

Tuesday, June 21, 2022

Singles event, Flint, Man, Subrogation, Just, Opioid epidemic, Single, Mallinckrodt, Software, Multimedia, Practice of law, Class action

SOUTHFIELD, Mich., June 21, 2022 /PRNewswire/ --MASSIVE: Medical and Subrogation Specialists have been selected by the Personal Injury Trustee and Claims Administrator to be theexclusive Lien Resolution Administrator for the Mallinckrodt Opioid Bankruptcy Trust mass tort litigation.

Key Points:

SOUTHFIELD, Mich., June 21, 2022 /PRNewswire/ --MASSIVE: Medical and Subrogation Specialists have been selected by the Personal Injury Trustee and Claims Administrator to be theexclusive Lien Resolution Administrator for the Mallinckrodt Opioid Bankruptcy Trust mass tort litigation.
MASSIVE has a wide range of experience working on Mass Tort projects and were also selected as the exclusive lien resolution administrator in the Just for Men and Purdue Opioid Bankruptcy Trust litigations, and the Flint Water co-lien resolution administrator.
In 2020, Mallinckrodt Pharmaceuticals agreed to settle for $1.6 billion for their role in the opioid epidemic.
MASSIVE: Medical and Subrogation Specialists is a nationwide provider of healthcare lien resolution services.

Ambac Assurance Corporation Reports Preliminary First Quarter 2022 Impact of Recent Material Developments

Retrieved on:

Wednesday, March 30, 2022

Both developments are expected to have a material effect on Ambacs consolidated financial results for the first quarter of 2022.

Key Points:

Both developments are expected to have a material effect on Ambacs consolidated financial results for the first quarter of 2022.
Complete first quarter 2022 consolidated financial results will be filed in Ambac's first quarter 2022 Form 10-Q and discussed during its earnings call which the company will announce at a later date.
Ambac Financial Group, Inc. (Ambac or AFG) is a financial services holding company headquartered in New York City.
Ambac Financial Groups (AFG) and its subsidiaries (collectively, Ambac or the Company) actual results may vary materially, and there are no guarantees about the performance of Ambacs securities.

Root Insurance selects Tractable as a strategic AI partner to streamline claims operations

Retrieved on:

Friday, January 7, 2022

AI, Artificial intelligence, Insurance, Growth, Accident, Data science, Subrogation, CEO, Decision-making, Partnership, Adoption, Customer service, Root, Solution, Industry, Multimedia, Mobile phone, Tractable

NEW YORK, Jan. 7, 2022 /PRNewswire/ -- Root Insurance, a leading US insurtech, will use artificial intelligence (AI) to streamline and accelerate its claims operations using Tractable's suite of AI solutions.

Key Points:

NEW YORK, Jan. 7, 2022 /PRNewswire/ -- Root Insurance, a leading US insurtech, will use artificial intelligence (AI) to streamline and accelerate its claims operations using Tractable's suite of AI solutions.
Root will launch the partnership with the AI Subro solution from Tractable to enable Root to assess and respond to subrogation demands more accurately and efficiently.
After testing market solutions head-to-head, Root chose Tractable, which specializes in AI for accident and disaster recovery, as its strategic partner to fulfill its ambitious AI strategy across its claims operations.
By integrating Tractable's AI, Root will accelerate its end-to-end claims process, beginning with subrogation.