February 14, 2012
Companion Property & Casualty Selects GlobalOptions Inc. To Serve as SIU
Columbia, S.C. – Companion Property & Casualty Insurance Group has selected GlobalOptions Inc. of Orlando, Fla., to serve as its special investigations unit (SIU) provider.
GlobalOptions’ services will allow Companion Property & Casualty to enhance management, coordination and reporting of its SIU compliance and anti-fraud initiatives.
GlobalOptions will provide services including regulatory compliance, anti-fraud training and reporting, and identification and investigation of suspected fraudulent insurance activities for Companion Property & Casualty and its wholly owned subsidiaries: Companion Commercial Insurance Company of Columbia, S.C.; Companion Specialty Insurance Co. of Washington, D.C.; and AmFed Casualty Insurance Co. and AmFed National Insurance Co. of Ridgeland, Miss.
“We selected GlobalOptions because of its expertise in developing innovative SIU solutions,” said Robert Rhodes, Companion Property & Casualty’s chief operating officer. “By implementing GlobalOptions’ SIU program, we will be able to consolidate investigative efforts across multiple lines of insurance while coordinating the anti-fraud efforts of the organizations that administer our claims. The GlobalOptions program gives Companion Property & Casualty the ability to respond to SIU regulatory requirements on a national level.”
“Our experience in developing comprehensive SIU programs encompassing investigations, reporting and compliance will assist Companion in meeting the SIU needs of a diverse insurance organization,” said Frank Pinder, president and CEO of GlobalOptions. “Our SIU program will allow Companion to proactively identify potential fraud, all while managing investigative activity through GlobalTrak™. The GlobalTrak reporting capabilities will allow Companion to calculate ROI on anti-fraud-related activities in addition to generating annual reporting for compliance purposes.”
About Companion Property & Casualty
Headquartered in Columbia, S.C., Companion Property & Casualty Insurance Group is a leader in property and casualty insurance and services. The company offers workers’ compensation insurance, a variety of commercial package policies, commercial auto insurance, commercial property and commercial liability policies, third-party administration services (for workers’ compensation, liability and property coverages), and insurance for residential condominiums. Companion Property & Casualty does business in 49 states through a network of independent agents, brokers and business partners. It holds an A.M. Best rating of “A” (Excellent).
GlobalOptions Inc., headquartered in Orlando, Fla., with regional offices in Chicago, Philadelphia and Sacramento, is the national leader in providing outsource SIU solutions and a wide variety of investigative products and services to insurance carriers, self-insured corporations and third-party administrators. GlobalOptions provides quality field investigations, instantaneous access to public records, comprehensive SIU programs, strategic anti-fraud planning, innovative educational courses, integrated Internet-based technologies, and investigative consulting services. For more information, visit www.GlobalOptions.com
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