Providence Property and Casualty Insurance Co Forms Strategic Partnership with Veracity Research Co Investigations
Released on = December 13, 2006, 7:44 am
Press Release Author = Haillee David/Veracity Research Co.
Industry = Healthcare
Press Release Summary = Veracity Research Co. Investigations: Established in 1995, VRC Investigations specializes in insurance fraud services and leads the industry through superior customer service, technology, as well as, considerable expertise in case management and investigative techniques. VRC is committed to building a collaborative effort with its clients to establish outstanding business solutions utilizing teamwork, communication, and trust. Through its network of partners, VRC works with top insurance carriers, third party administrators, and self insured companies throughout North America. Providence P & C Insurance Company: Established in 1986 Providence Property & Casualty Insurance Company, headquartered in Frisco, Texas, takes a hands-on approach to create winning workers compensation plans for its clients. Providence's design and delivery of innovative products has streamlined its claims management and loss prevention services to create a unique and strategic role for itself in the workers\' compensation ins. Industry with an average rating of AA+ while serving more than five thousand companies and over 42,000 workers in the North American market.
Press Release Body = Frisco, Texas - Providence Property & Casualty Insurance Co. and its subsidiary Imperial Casualty & Indemnity Co., a national provider of workers\' compensation insurance to Professional Employer Organizations (PEOs) and Veracity Research Co. Investigations (VRC) an industry leader in insurance fraud defense have formed a strategic partnership in fighting fraud. VRC will become the subject matter expert and national liaison for the Special Investigations Unit (SIU) at Providence Property & Casualty Insurance Co., as well as, the vendor manager throughout the United States "We are very excited to announce this partnership between our two companies. I believe that Providence's current and future clients can only benefit from our partnership" said Marcus D. Doyle, Chief Executive Officer of VRC. "Their clients now have a guarantee that when a fraud issue arises they have professionally trained investigators working side by side with their SIU. Our highly skilled investigators and innovative technology combined with Providence's impressive suite of insurance services exemplify our companies' commitment to excellence in service and products." Both companies share a strong desire to promote public awareness of insurance fraud and their strategic partnership serves as the perfect platform for industry penetration and influence. VRC combines the proven capabilities for writing and maintaining individual fraud plans, complying with state and federal regulations, and vendor management technology into a complete business solution for Providence. "Providence is excited to enter into this relationship and assist our clients fight fraud in the workplace and in our industry. Utilizing VRC and our internal fraud unit led by Cole Frisby will keep us one step ahead of preventing fraud and concentrating on expeditiously paying claims." stated Derek Lancaster, President, Providence Property & Casualty. VRC's reputation for quality service and truthful reporting in the North American insurance investigations market and the recent partnership with Providence demonstrates both companies considerable awareness of the affects insurance fraud has on the market and economy.
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