NAPERVILLE, Ill., April 25, 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 Farrell & Associates Insurance Claims Services, Inc., an independent claims management and investigative firm based in Portland, Oregon, serving the needs of insurance carriers, public entities, defense attorneys and self-insured companies in the Pacific Northwest.
Mike Farrell, a 30-year veteran of the casualty claims business, founded the company in 1995. Under Farrell's leadership, his eponymous firm established a regional reputation for excellence and strong relationships with area public entities and corporations. As part of the transaction, he and his colleagues will join the Vericlaim organization.
"The addition of Mike Farrell and his knowledgeable team of adjusters to the Vericlaim organization greatly strengthens our presence in the Pacific Northwest," said Vericlaim CEO Michael Arbour. "Together we can offer customers an unparalleled depth of resources and level of care."
"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 caring countsSM philosophy to 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.