(Image credit: Clark Van Der Beken/Unsplash.)
Latitude Subrogation Services (LSS; Bloomfield Hills, Mich.), a subrogation services and solutions provider for insurers, self-insured entities, TPAs, and specialty risk companies, recently acquired Columbus, Ohio-based InspectionConnection (IC), a full-service appraisal company specializing in heavy equipment, such as construction vehicles, tractors and trailers, and farm machinery.
LSS has provided subrogation recovery and salvage administration support in all 50 states and throughout Canada since 1997 to property/casualty insurance organizations, including mutual companies, captives, self-insured entities, and MGAs.
“The leadership and staff of InspectionConnection share the same values that have driven us forward over the years,” says Brad Schram, founder, LSS. “Their focus, integrity, and commitment to quality customer experiences mirror that of LSS, while the collective appraisal expertise of the InspectionConnection team will blend nicely with our existing subrogation and recovery services.”
Expanding Geographic Reach
The acquisition of IC expands not only the geographic reach of LSS, but also the company’s ability to handle specialty claims and unique auto estimates, according to an LSS statement. Further, through this acquisition, LSS says it will now offer audits of repair estimates, tow and storage bills, rental information, and advance charges to ensure indemnity accuracy by insurers, TPAs, independent appraisers, and repair facilities.
“LSS has a very strong industry presence, and a history of creating long-term customer relationships,“ says Lee Herman, president, IC. “Adding what we do to the broader, nationwide, subrogation and recovery services of LSS brings the greatest service possible to our customers going forward.”