Crawford & Company (CRDB)

Crawford & Company provides claims management solutions to insurance companies and self-insured entities worldwide. Its service line includes workers' compensation claims administration and healthcare management services, property and casualty claims management, class action services, and risk management information services. The company’s elements of claims management services include initial loss reporting, investigation, evaluation, disposition, and subrogation. Its claims administration services include information services, management, auditing services, managed care services, vocational services, medical case management services, on-site assessments, complete care coordination, and on-going care monitoring. The company’s elements of class action services include qualifying class members, dispensing payments, and administering the settlement funds, as well as the determination of the extent and value of damage incurred, liability, and compensability primarily related to product liability class action settlements. It provides customized computer-based information systems and analytical forecasting services to the risk management and insurance industry; provides property damage repair services for property damage losses; and educational services. It also provides field investigation and evaluation of property and casualty insurance claims. Crawford & Company was founded in 1941 and is based in Atlanta, Georgia.

For the three months ended 31 March 2006, Crawford & Company's revenues increased 11% to $221.7M. Net income totaled $5.8M, up from $2.4M. Revenues reflect increased income from U.S and International segments due to an increase in storm-related revenues in our catastrophe, property central and technical services unit. Net income also reflects improved gross margins and a decline in US compensation expenses as a percentage of salaries.