NAPERVILLE, Ill., Feb. 23, 2016 /PRNewswire/ -- Vericlaim—a subsidiary of Sedgwick Claims Management Services, Inc., and global provider of loss adjusting and claims management services—has acquired the assets of BPO Technical Services, a Texas-based professional loss adjusting company with specialized expertise in agricultural losses.
BPO Technical was founded a decade ago by Thomas Powell, a 37-year insurance industry veteran who previously held leadership positions at Crawford & Company and Tennessee Farmers Mutual, the loss adjusting arm of the Tennessee Farm Bureau. Established as a small family business, today the firm manages national commercial property accounts and serves clients in Canada and the U.K. from its office near Houston.
"The addition of Tom Powell and his knowledgeable team of BPO Technical adjusters to the Vericlaim organization allows us to round out our service offerings and expertly cater to the agriculture market," said Vericlaim CEO Michael Arbour. "Together we can offer customers an unparalleled depth of resources and a more holistic approach to claims adjusting."
"For nearly 40 years, Sedgwick has focused on the care of people in the casualty and disability claims process," said David A. North, president and CEO of Sedgwick. "Investing in the continued growth of our Vericlaim family of companies enables us to apply our philosophy of care in the property loss space. With expanded capabilities and more resources on the ground nationwide, we are better positioned than ever to be where our customers need us when they need us most."
A wholly owned subsidiary of Sedgwick Claims Management Services, Inc., Vericlaim is a preeminent global loss adjusting and claims management company committed to helping its clients—insurance companies, corporations, public entities and brokers—manage and control their risk needs around the world. The success of Vericlaim stems from its focus on providing clients with superior claims resolution on the most timely and cost effective basis in the industry, continually adapting to the evolving service and information needs of its clients, and developing innovative solutions to complex risk management issues. The company has global reach and maintains a distinct local market presence in more than 400 locations throughout the world.