| Copyright: | Business Wire | | Source: | Business Wire | | Wordcount: | 503 |
NEW YORK--(BUSINESS WIRE)--April 18, 2007--Nationwide Risk Consulting, Inc., a premiere insurance consulting firm and Subrogation Partners, LLC, the leading U.S. claims subrogation specialist for P&C carriers, self-insureds and state and local governments, have partnered together to provide claim cost reduction services to self-insured markets in the insurance industry.
"Through Nationwide Risks' network of more than 300 brokers across the United States, Subrogation Partners and Nationwide Risk will have the ability to reach companies who have self-insured clients for one or more of their insurance needs," stated Edward J. Kelly, Jr., Chief Executive Officer of Nationwide Risk Consulting. "This partnership," Kelly continued, "will allow our broker market and their clients to take advantage of claim recovery programs offered by Subrogation Partners."
Nationwide Risk Consulting, Inc. markets premium recovery and other cost-containment services to thousands of companies across the nation resulting in the recovery of millions of dollars in overpayments to insurance carriers.
"We are very excited about working with Nationwide Risk to broaden and deepen our reach into the market," said Brian E. Thede, who joined Subrogation Partners as the Chief Executive Officer earlier this year. "I am also very excited about being part of the Subrogation Partners team. The Company has developed a terrific recovery platform, has sophisticated technology, and is tenacious at pursuing recovery." Subrogation Partners President, Scott Conant, added, "I am very enthusiastic about this partnership with Nationwide Risk. I am looking forward to developing new relationships with Nationwide Risk's brokers and to significantly improving the recovery levels of their clients."
Subrogation Partners is widely recognized as the most sophisticated and innovative subrogation specialist in the United States. The Company has successfully processed more than $1 billion in subrogation claims since 1996. Their purpose-built technology platform SubroAGS(TM) provides a highly efficient and effective means to recover on subrogation claims. Furthermore, the system provides complete and real-time transparency for clients. More than 125 companies rely on Subrogation Partners to help reduce the dollars paid in claims by maximizing their subrogation recoveries through highly effective subrogation outsource solutions, and through purchasing portfolios of their subrogation claims.
Now, through the combined services of both Nationwide Risk and Subrogation Partners, self-insurers can take advantage of world class expertise and recovery technology. This service is available at no up-front cost to the client. Both Nationwide Risk and Subrogation Partners share in a percentage of financial recoveries.
"Until now," Kelly stated, "the cost of bringing these services to a broad national market was too high. Through our broker network and their affiliation with self-insured clients, and our relationship with Subrogation Partners, we can now offer this cost-saving measure to a wide range of self-insured companies."
For more information on Nationwide Risk Consulting, its Working Partners program, or any of the services they provide, Contact Brian Kelly at Nationwide Risk, 631-580-4202, Ext. 136 (bkelly@nationwideriskconsulting.com). To inquire about subrogation programs, contact Scott Conant, President of Subrogation Partners at 1-866-847-9692 (sconant@subropartners.com).
CONTACT: For Nationwide Risk Consulting, Inc. Maria Sclafani, 212-867-0228
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