
ATLANTA, Oct. 30 /PRNewswire-FirstCall/ -- Crawford & Company (NYSE: CRDA; CRDB), the world's largest independent provider of claims management solutions, has acquired certain assets of Technical Loss Adjustment and Appraisal LLC (TLAA) of Chicago. The firm's five experienced adjusters join Crawford's industry-leading Global Technical Services(SM) (GTS (SM)) organization to enhance the Company's presence in this key market segment.
"GTS is the best global resource for adjusting large or complex losses," said Jeffrey T. Bowman, Crawford president and chief executive officer. "The TLAA staff brings many years of specialized experience in property and casualty claims adjusting and will be an exceptional addition to Crawford's offering in the United States."
TLAA, established in May 2005, includes executive general adjusters who handle complex commercial claims, including international, multi-million-dollar losses. The group's adjusters have extensive expertise in a number of industry claim sectors, including power and energy, engineering, building and construction, appraisal consulting, time element and other exposures. Their experience complements existing GTS expertise in high-value, catastrophic claims in a wide range of industries.
Crawford GTS has grown to include about 500 adjusters, with more than 150 in the United States alone. GTS serves reinsurers, the corporate market, major loss/catastrophe divisions of composite insurers such as the London market and Lloyd's syndicates, as well as captives, risk managers and their brokers. The GTS combination of experienced and qualified professionals, infrastructure and leadership enables Crawford to strategically manage losses anywhere around the globe.
TLAA will relocate to Crawford's GTS office at 1900 E. Golf Road, Schaumburg, Ill., effective Monday.
About Crawford
Based in Atlanta, Georgia, Crawford & Company (www.crawfordandcompany.com) is the world's largest independent provider of claims management solutions to the risk management and insurance industry as well as self-insured entities, with a global network of more than 700 locations in 63 countries. The Crawford System of Claims Solutions(SM) offers comprehensive, integrated claims services, business process outsourcing and consulting services for major product lines including property and casualty claims management, workers' compensation claims and medical management, and legal settlement administration. The Company's shares are traded on the NYSE under the symbols CRDA and CRDB.
SOURCE Crawford & Company
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