Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Growing Accolades from Inc 5000 and the NMSDC for Minority/Woman Owned Translation Company in Driving Health Equity


Employees of CQ fluency rejoice at growing accolades for their hard work

We are honored to receive recognition from Inc. 5000, and the NMSDC and want to be sure that our ‘purpose’ receives acknowledgement, not just our growth.

High quality, culturally relevant language access isn’t always readily available for the 25 million+ people in the United States who are LEP (Limited English Proficient) patients. For those that do obtain access, the standards set by the U.S. Department of Health and Human Services (HHS) are proposed to further weaken. Deeper connections require a holistic approach to language that includes adapting for tone, images, colors, symbols, religion, politics, gender, diets, humor level, sequence of information, acronyms, untranslatable puns, idioms and medical terms that don’t exist in the target language.

While there are thousands of language service providers worldwide, CQ fluency’s unique proprietary processes and strong commitment to diversity and inclusion (D&I) are making the company stand out and win accolades. For the seventh consecutive year, CQ fluency, whose mission is “improving lives,” is recognized on the Inc. 5000 “Fastest Growing Companies” list. This announcement comes on the heels of recently being named a Corporate Plus member by the National Minority Supplier Development Council. Both recognitions are a testament to CQ fluency’s comprehensive approach to diversity and inclusion – embracing a multicultural workforce, creating an inclusive workplace culture, being integrated in their communities and leveraging diverse suppliers. All these factors contribute to CQ fluency’s ability to help the world’s largest health and life science organizations engage the hearts and minds of their often-misunderstood diverse patients.

Elisabete Miranda, President & CEO of CQ fluency shared, “We are honored to receive recognition from Inc. 5000, and the NMSDC and want to be sure that our ‘purpose’ receives acknowledgement, not just our growth.” Elisabete added, “As a Minority and Woman owned Business Enterprise (MWBE), diversity isn’t simply a company policy – diverse is what we are, and inclusive work naturally derives from that. For over 20 years we have worked towards improving the lives of underserved populations through communication, with a goal to contribute to the fight toward inclusive health equity for all.”

D&I strategies are valuable ingredients in overcoming adversity. Through the unprecedented events of 2020, CQ fluency’s well-known agility and flexibility was evident through their commitment and responsiveness in the face of adversity. To continue to serve their clients in a more expansive and immediate way in the face of COVID-19 by transitioning to a full-remote team overnight, implementing a 24/7 task force for critical translation needs, waiving rush fees, maintaining a full staff with no lay-offs or furloughs and hiring additional staff.

CQ fluency focuses on providing language solutions for Fortune 500 health and life science companies with services that provide LEP patients with access to critical health information, addressing the multicultural dimensions of non-adherence, and helping drive diversity in clinical trials.

About CQ fluency:

CQ fluency is a global company that offers a full suite of culturally relevant translation services for life sciences and health in over 170 languages. We are on a mission to improve lives– with subject matter experts who leverage their Cultural Intelligence (CQ) to blend meaning and feeling to cultivate real human connections. We combine human expertise with customized technology to help organizations effectively communicate to an increasingly diverse domestic population and navigate the global marketplace. Our clients include pharmaceutical and health insurance companies, hospitals and health agencies. More about CQ fluency can be found on our website at http://www.CQfluency.com

About Inc. Media:

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

About NMSDC:

The National Minority Supplier Development Council, Inc. established in 1973, is a vital link between major corporations and minority business enterprises (MBEs). Each year, member corporations have reported billions of dollars spent with Council-certified Minority Business Enterprises. Serving the United States, the Council is one of the 23 regional affiliates of the National Minority Supplier Development Council, Inc. for more information about NMSDC visit http://www.nmsdc.org

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Barrett Asset Management Partner Earns Retirement Income Certified Professional® (RICP®) Designation


“My passion is helping clients plan for and navigate points of transition in their lives.” – Chris Bater, Managing Director

Barrett Asset Management, LLC, is pleased to announce that Christina Bater, CFP® has earned the Retirement Income Certified Professional® (RICP®) designation from The American College of Financial Services. Using the most current retirement portfolio management techniques, the RICP® advisor helps to identify retirement income needs and objectives relative to the client’s lifestyle goals in retirement. Individuals who earn an RICP® designation can provide knowledgeable advice on a broad range of retirement topics including the proper use of annuities, mitigation of risks to retirement income planning, estate issues, Social Security, health insurance, housing decisions, and income taxation.

Candidates for the RICP® designation must complete a minimum of three college-level courses and are required to pass a series of two-hour proctored exams. They must also have three years of experience, meet stringent ethic requirements, and participate in the College’s continuing education program.

The RICP® educational curricula is the most complete and comprehensive program available to professional financial advisors looking to help their clients create sustainable retirement income. The rigorous three-course credential helps advisors master retirement income planning, a key focus area not fully covered in other professional designation programs. From retirement portfolio management techniques and mitigation of plan risks to the proper use of annuities, employer-sponsored benefits and determining the best Social Security claiming age, the RICP provides a wealth of practical information for advisors.

Chris Bater, Managing Director, said, “My passion is helping clients plan for and navigate points of transition in their lives. I am excited to utilize the knowledge gained through the RICP® designation studies to continue to help our clients attain a secure and sustainable retirement.    

During its eighty-three-year history, Barrett has helped high-net-worth individuals, families and non-profit institutions cultivate their wealth through deep, long-term client relationships that are the hallmark of the firm.

Chris has been a part of the Barrett family for more than 30 years, working closely with multi‐generational family relationships and high‐net‐worth clients to manage a holistic wealth management approach, integrating the firm’s core investment advisory offerings with financial planning and wealth management solutions.

About Barrett Asset Management

Since 1937, Barrett has been putting its clients first — working to help each of them achieve their goals and aspirations. Barrett is an independent investment management firm focused on the growth and preservation of wealth for individuals, families, trusts and non-profit institutions. The firm tailors each customized wealth plan and investment portfolio based on a client’s objectives for income and growth through suitable asset allocation and individual investment selections. To learn more about Barrett, please visit http://www.barrettasset.com.

About The American College of Financial Services

The American College of Financial Services was founded in 1927 and is the nation’s largest nonprofit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has educated one in five financial advisors across the United States and offers prestigious financial planning designations such as the Retirement Income Certified Professional (RICP®), Chartered Life Underwriter (CLU®), Chartered Financial Consultant (ChFC®), Wealth Management Certified Professional® (WMCP®), and education leading to the Certified Financial Planner (CFP®) certification. The College’s faculty represents some of the foremost thought leaders of the financial services profession. For more information, visit TheAmericanCollege.edu

About Certified Financial Planner Board of Standards Inc.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNERTM, CFP®, (with plaque design) and CFP®(with flame design) in the U.S. which it awards to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.

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A New Article Explains Why Drivers Should Buy Full Coverage Car Insurance


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“Getting full coverage ads extra protection and it is recommended for valuable cars. Get car insurance quotes and compare prices for multiple full coverage offers”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains the main benefits of purchasing full car insurance coverage.

For more info and free quotes, visit http://compare-autoinsurance.org/why-get-full-coverage-car-insurance/

Full coverage means buying extra coverage, beyond the mandatory levels required by each state. Many drivers are not convinced that full coverage is beneficial, since this will drastically increase the costs. In order to get better coverage, at acceptable prices, it is recommended to shop around, using car insurance quotes. Get free quotes from http://compare-autoinsurance.org.


  • Extend the basic level of protection. Generally, full coverage includes 3 policies: liability (more than the minimum required), comprehensive and collision coverage. Despite the name, full coverage does not cover everything. But it will cover more scenarios in which the company will reimburse the policyholder.
  • Full coverage ensures that the policyholder will always be reimbursed for damage to his car. It is important to remember that liability coverage is designed to cover the victims of an accident, when the policyholder is the guilty driver. In this scenario. without collision or comprehensive coverage, the policyholder will have to pay for repairs from his own budget. Full coverage also pays for totaled cars. It is important to know that companies use Actual Cash Value when solving claims.
  • Uninsured motorist coverage is a really recommended policy. Let’s assume that a person gets into an accident with someone who’s uninsured and the accident is their fault. Often, that person won’t get coverage for property damage or medical fees. Unless that person has Uninsured Motorist coverage. This policy is highly recommended in states and areas with high unemployment rates. Consider analyzing the economic climate when purchasing car insurance.
  • Roadside assistance is a low-cost service with multiple benefits. Roadside assistance is usually cheap to get and will help the driver in many situations. Roadside assistance includes towing, delivering fuel or a spare tire. Read carefully the terms of the contract before signing in. Not everything is covered. Also, drivers are charged for extra miles than the limits added in the contract.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org/

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Lex Machina Releases 2020 Insurance Litigation Report


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We wanted to give a special update, given the changing landscape of insurance litigation due to the pandemic,” said Ron Porter, Lex Machina’s insurance legal data expert.

Lex Machina, a LexisNexis company, releases its 2020 Insurance Report looking at trends and insights in federal district court. The report includes analytics on case filings, districts, judges, parties, law firms, and more. Additionally, the report includes a special section on the impact of COVID-19 on court activity, including both procedural aspects of court closures and new filings due to the COVID-19 pandemic.

“We wanted to give a special update, given the changing landscape of insurance litigation due to the pandemic,” said Ron Porter, Lex Machina’s insurance legal data expert. “Many businesses filed lawsuits after insurers denied their claims for business interruption coverage due to losses suffered during the shutdown. We specifically developed a case tag for business interruption coverage cases, so that we can track trends and provide insights as these cases make their way through the courts.”

Impacts of COVID-19

  • Insurance case filings in Q2 of 2020 increased 20% over Q1. While case filings do tend to increase between Q1 and Q2 each year, the increase is particularly pronounced in 2020.
  • Between March and June 2020, Insurance cases were up 14% from the same months in 2019. An influx of business interruption cases are a large reason for that increase.
  • Lex Machina is tracking cases caused by the COVID-19 crisis by tagging cases in the system with the COVID-19 tag. Out of over 4,000 Insurance cases filed in March through June of 2020, roughly 400 were caused by the COVID-19 crisis.
  • Comparing March through June of 2019 and 2020, there was a drop in all findings activity except summary judgments, which are up 2%. There were three fewer trials in 2020 than 2019; however, trials were already down significantly in 2019 from the previous years.


Other Report Highlights

  • Over the last decade, Insurance case filings fluctuated between about 8,000 and 11,000 cases per year. There was a bump in case filings in 2013 and 2014 that was at least partially due to an increase in hurricane-related cases in those years. Between 2016 and 2019, Insurance case filings increased 28%.
  • The Southern District of Texas saw the most Insurance case filings from 2015 to 2019. More than half of those cases were homeowners Insurance cases and about one-third were hurricane-related cases, likely due to Hurricane Harvey.
  • State Farm Mutual Automobile Insurance Company saw the most cases with over 2,000 Insurance cases.
  • Thompson Coe Cousins & Irons filed the most Insurance cases with over 1,100 cases. Pandit Law Firm was second with about 25 fewer cases. Thompson Coe nearly always appears for defendants and Pandit Law Firm nearly always appears for plaintiffs.
  • Findings and case resolutions tend to favor insurers in this practice area. However, findings and cases that resolved at the trial stage are more evenly split.
  • In 2019, there were fewer cases that awarded damages than in any of the last 10 years. However, the amount of damages awarded in 2019 (over $151 million) was more than 2018 and nearly the same as 2016.


Legal Analytics is used for planning, forecasting, and litigation strategy. The metrics in this report may help readers examine who to pursue as clients, how long a matter may take, or when to settle. This research supplements traditional legal research and anecdotal data in order to gain a competitive edge in litigation.

Follow this link to request a copy of the full report: Register here.

2020 Insurance Litigation Report Webcast

Lex Machina hosted a webcast about the report on September 10, 2020 with report author Ron Porter and Nicholas Reuhs, partner at Ice Miller. To view a recording of the event visit here.

About LexisNexis Legal & Professional

LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,600 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

About Lex Machina

Now celebrating the 10th anniversary of Legal Analytics, the Lex Machina platform fundamentally changes how companies and law firms compete in the business and practice of law. The company provides strategic insights on judges, lawyers, law firms, parties, and other critical information across 16 federal practice areas and select state courts. Lex Machina allows law firms and companies to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.

Legal Analytics was named “Best Decision Management Solution” (AI Breakthrough Awards, 2019) and “Disruptor of the Year” (Changing Lawyer Awards, 2019). Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading global provider of legal, regulatory, and business information and analytics. For more information, please visit http://www.lexmachina.com.

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Benefit Resource LLC launches BRI Insights, a decision support tool, ensuring all employees have the tools to make the best decisions this open enrollment season


“Launching a decision support tool like BRI Insights enables employees to make the best decisions for them. It is like having a personal benefits consultant sitting in your living room and guiding you at each step. This translates to savings and peace-of-mind for all.” said Jason Hall, CEO of BRI.

Benefit Resource, LLC (BRI) announced today an exciting new initiative to bring personalized decision support to employers and their employees. BRI Insights is a unique smart tool built right into the BRI system that supports its ongoing efforts to bring pre-tax benefit administration into the digital age and improve overall benefits education. Through this customized support tool, employees are able to get a tailored assessment and recommendations for health plans, contribution strategies and other benefit programs.

“Launching a decision support tool like BRI Insights enables employees to make the best decisions for them. It is like having a personal benefits consultant sitting in your living room and guiding you at each step. This translates to savings and peace-of-mind for all, especially during a pandemic where in-person meetings are far and few between,” said Jason Hall, Chief Executive Officer of BRI. “Decision support tools have been growing in popularity in recent years, but are often only accessible by the largest of employers. We hope to change that. We believe everyone deserves to be able to easily understand and maximize the value of their benefits,” said Hall.

The BRI Insights decision support platform enables a new, intuitive approach to participant health and wealth. Through a coordinated communications program and customized guided assessment, employees are asked to complete simple questions regarding their household, expenses, and benefits goals. Employees then receive a personalized recommendation regarding benefits and funding for pre-tax accounts.

For more information on BRI Insights, or to schedule a demo contact us at info@BenefitResource.com.

About BRI:

For over 27 years, BRI has helped employers and employees navigate the ever-transforming world of pre-tax benefits and COBRA administration. By employing smart plan design administration, reduced overhead cost for employers, and consumer-first rationale, BRI makes saving money on healthcare easy. For more information visit http://www.benefitresource.com.

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Alera Group Hires Employee Benefits National Project Manager and Data Analyst


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Wirth will enhance the services and solutions of the employee benefits division through project management and data aggregation and analysis.

Alera Group today announced that Taylor Wirth has joined its Employee Benefits team as Employee Benefits National Project Manager and Data Analyst, effective September 8.

In this role, Wirth will enhance the services and solutions of the employee benefits division through project management and data aggregation and analysis. Her ongoing analysis will strengthen the service offerings of Alera Group firms across the United States, further enhancing the employee benefits client experience.

“We are thrilled to welcome Taylor to the national employee benefits team. Her expertise will advance the services and solutions that support Alera Group firms across the country,” said Sally Prather, Executive Vice President and Employee Benefits Practice Leader at Alera Group.

Prior to Alera Group, Wirth served as the Senior Client Operations Lead at Businessolver, managing health and life benefits administration for enterprise clients. Before that role, she was a Service Delivery Specialist at a national private exchange platform.

“I am excited about the national platform I will help to expand as part of the Alera Group team,” said Wirth. “Alera Group’s collaborative culture, combined with their industry excellence, makes them one of the leading insurance organizations in the country. I look forward to the impact of improved data analysis and project management on the employee benefits division.”

Wirth joins Alera Group as the latest member of an industry-leading team of professionals across the United States. For more information about Alera Group, visit http://www.aleragroup.com.

About Alera Group

Based in Deerfield, IL, Alera Group’s over 2,000 employees serve thousands of clients nationally in employee benefits, property and casualty, risk management and wealth management. Alera Group is the 15th largest independent insurance agency in the country. For more information, visit http://www.aleragroup.com or follow Alera Group on Twitter: @AleraGroupUS.

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Property Claims Industry Veteran, Neil Atkins, Join Insurtech company Field Pros Direct


Field Pros really checked all of the boxes for me, from the culture and people, many who are familiar faces, to the vision and innovation of the product. There is a blend of new technology and fresh ideas that is really exciting.

As Field Pros Direct continues to simplify the way property claims are handled with experience-based technology, they have strategically added a new Director of Claims Operations, Neil Atkins. Neil comes with over 17 years of experience in the insurance industry from the Nation’s largest Independent Adjusting (IA) firm to Enservio, a 15-year-old software company. Since entering the claims industry as an adjuster, Neil provides a perfect mix of first-hand adjuster experience, innovation and CAT knowledge to the team. Moreover, he brings an eagerness to be a part of a culture that values constant innovation in order to shape the future of claims.

When asked why Neil made the leap from Enservio to Field Pros Direct, he said that “Field Pros really checked all of the boxes for me, from the culture and people, many who are familiar faces, to the vision and innovation of the product. There is a blend of new technology and fresh ideas that is really exciting.” Neil continues “This is very clearly an environment where you can be expressive, challenged, but also supported by a talented group of people who are in it to win as a team.”

In Neil’s new role, he will be working directly with Field Pros Direct’s COO, Bentley Laytin, while managing our Carrier accounts while contributing to enhancing our claims process and technology. “We are very excited to bring an individual of Neil’s caliber to the Field Pros Family. Neil not only has vast industry experience but also is a great addition to the culture.” states Laytin, who also worked with Neil previously.

Field Pros Direct’s entire leadership team is thrilled to have the opportunity to work with Neil. Matt Anderson, CEO says “Neil’s desire to create solutions that solve problems for insurance carriers and adjusters make him a great fit for the Field Pros Direct family.”

About Field Pros Direct. Field Pros Direct help Insurance Carriers, Adjusters and Service providers innovate their claims process, through experience-centric technology solutions. Their innovative solutions are the only AI-powered platform that solves claims complexities in real-time. To find out more about how Field Pros Direct is simplifying the claims ecosystem, visit https://www.fieldprosdirect.com or contact Bentley Latyin at 470-481-6722 or email him at blaytin@fieldprosdirect.com

Stay connected with Field Pros Direct by following us on social media:

Twitter https://twitter.com/fieldprosdirect

Linkedin https://www.linkedin.com/company/field-pros-direct/

Facebook https://www.facebook.com/FieldProsDirect

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Philadelphia Insurance Companies Named One of the Best Places to Work in Insurance


Many things have changed this year, but our dedication to our community, our customers, and our employees remains the same.

Philadelphia Insurance Companies (PHLY) is one of the Best Places to Work in Insurance for the 11th consecutive year. This honor is an annual feature by Business Insurance and Best Companies Group that lists the agents, brokers, insurers, and other providers with the highest employee engagement and satisfaction.

“Many things have changed this year, but our dedication to our community, our customers, and our employees remains the same,” said Chairman and CEO Bob O’Leary. “We value this program because it allows employees to give us useful feedback every year.”

One aspect of PHLY’s corporate culture that many employees highlighted in the program’s survey is the Company’s commitment to giving back to the community. During this challenging year, PHLY has strived to maintain this culture of giving back, even with the majority of employees working remotely. The Company has organized several virtual volunteer events, including a sandwich-making campaign to help feed the homeless in Philadelphia. Go here to watch a video recap of the event, which resulted in 850 sandwiches for the homeless.

Earlier this year, PHLY was also named one of Top Workplaces in Philadelphia by The Philadelphia Inquirer and one of the Healthiest Employers of Greater Philadelphia by the Philadelphia Business Journal.

To learn more about TEAMPHLY and the company culture, visit PHLY.com/Careers.

About Philadelphia Insurance Companies

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. The Company is rated “A++” (Superior) by AM Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s. In business for over 50 years, PHLY is nationally recognized as a member of Ward’s Top 50, one of the Best Places to Work in Insurance, and one of the Healthiest 100 Workplaces in America. The organization has more than 50 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.

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NFP Rebrands Brokers Across the UK and Ireland as ‘NFP’


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“Integrating our acquisitions in the UK and Ireland gives us momentum as we pursue the tremendous opportunities we see in the region,” said Doug Hammond, chairman and CEO of NFP.

NFP, a leading insurance broker and consultant providing employee benefits, property and casualty (P&C), retirement and individual solutions, today announced that Mackenzie Taylor Benefits Consultants Limited, Linkfield Corporate Solutions Limited and Wentworth Employee Benefits Limited in the UK, as well as HMP Insurance and Pensions Advisors Limited in Ireland, are adopting the NFP business name where permitted by law. NFP serves clients through more than 260 offices across the United States and 45 international offices in the UK, Ireland, Puerto Rico and Canada.

NFP’s brokers in the UK and Ireland provide employee benefits, P&C insurance and private client solutions to domestic and multinational organizations and individuals. This implementation is part of NFP’s strategy to integrate employees, resources and operations under the NFP brand. NFP remains focused on addressing client needs as new challenges emerge in a dynamic environment, while expanding its presence in Europe. UK-based Johnson Fleming Group Limited, a recently acquired NFP company specializing in pensions and employee benefits, will adopt the NFP name in 2021.

“Taking on the NFP name across all brokers brings us together in ways that will benefit our employees and the clients we serve,” said Matt Pawley, managing director of NFP. “We will be able to collaborate and access expertise more efficiently, enhancing our ability to help clients overcome challenges, protect what they’ve built and advance their growth. From customized programs designed to help companies recruit and retain talent, to P&C insurance that provides essential peace of mind, we are continuously elevating our position as a go-to resource for current and future clients.”

“Integrating our acquisitions in the UK and Ireland gives us momentum as we pursue the tremendous opportunities we see in the region,” said Doug Hammond, chairman and CEO of NFP. “With 120 employees in Europe, focused leadership from Matt and his colleagues, and an unwavering commitment to delivering value to clients, we will build from our success and continue our growth in ways that distinguish us in the market.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,700 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit http://www.NFP.com to discover how NFP empowers clients to meet their goals.

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SpectraMedix Releases VBP Contract Modeler Version 3.0 for Healthcare Payers


The VBP Contract Modeler is a unique application that enables payers to model various risk-based contracts rapidly to advance into Value-Based Payments.

Today SpectraMedix, a leading provider of solutions that streamline the advancement of Value-Based Payment (VBP) models to health plans and their provider networks, announced the release and immediate availability of VBP Contract Modeler Version 3.0. The latest release adds an intuitive user interface that simplifies and optimizes the entire VBP contracting process for payers and helps them foster ACO and provider adoption of value-based arrangements. This latest release supports Medicaid, Medicare Advantage, Commercial, and Medicare business lines across the entire spectrum of VBP types including shared risk and full capitation.

“We’re delighted to release Version 3.0 of the VBP Contract Modeler. It is a unique application that enables payers to model various risk-based contracts rapidly to advance into Value-Based Payments, and facilitate payer-provider collaboration,” said Raj Lakhanpal, MD, Chief Executive Officer at SpectraMedix.

The VBP Contract Modeler is one of four applications that comprise the VBP Performance Suite. It seamlessly integrates with the other applications which include the VBP Performance Portal, Cohort Manager, and Self-Service Analytics.

VBP CONTRACT MODELER SHOWCASE ON OCTOBER 8, 2020

SpectraMedix is hosting a VBP Contract Modeler Version 3.0 Showcase Webinar on October 8, 2020 at 1:00 PM EDT. This is an exclusive event open to the payer community. If you would like an invitation, please request an invite at https://www.spectramedix.com/vbp-contract-modeler-version-3.0-showcase.

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