Latest news with #propertyclaims
Yahoo
30-07-2025
- Business
- Yahoo
Verisk to buy AccuLynx for $2.4 billion
(Reuters) -Verisk agreed to acquire cloud-based software platform AccuLynx for $2.35 billion in cash, it said on Wednesday, as the data analytics and technology company aims to strengthen its tools for property claims. The move comes amid increasing digitization across insurance-related industries, with companies seeking to reduce manual processes and accelerate turnaround times on claims. The acquisition is expected to add to Verisk's revenue growth and adjusted EBITDA margin, and also to adjusted EPS by year-end 2026. The deal, expected to close by the end of the third quarter, will be funded through a combination of cash on hand and committed debt financing, Verisk said.
Yahoo
01-07-2025
- Business
- Yahoo
Hancock Claims Consultants to buy Knight's Solutions
Hancock Claims Consultants Holdings has agreed to acquire Kentucky-based Knight's Solutions to expand its network. Financial terms of the deal remain undisclosed. Knight's Solutions provides services that complement those offered by Hancock, including ladder assist, virtual assist, direct inspections, and post-construction services. The operational integration of the two companies is scheduled to take place over the next 90 days. As part of the acquisition, Knight's Solutions' owner Ryan Knight will assume the role of AVP, with immediate effect. He will report to Ray Tant, Hancock inspections and estimating senior vice president. Hancock Claims Consultants' founder and executive chairman Brad Hancock said: 'We are excited to have Knight's Solutions joining the Hancock team. Both companies have a common history and shared culture of delivering service excellence to the property claims industry. With the addition of their team, we are able to provide an even greater level of support for our combined customer base.' Ryan Knight added: 'This brings together two teams that believe in hard work, in-depth knowledge, complete and fulfilled reporting, and a true dedication to our craft — the kind that bridges the gap between top-tier inspectors and the highest level of documentation across the insurance industry. 'We've built something strong here at Knight's, and now we're stepping into a new chapter with even more opportunities to grow, improve, and serve more carriers — all while staying true to who we are.' Hancock, founded in 2003, specialises in field inspections for property insurers and also offers interior inspections, estimating, property contents services, engineering services, and mitigation and repair services, which includes tree removal. "Hancock Claims Consultants to buy Knight's Solutions " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
