David Morse & Associates Acquires ISAC, Expanding Insurance Claims Service
David Morse & Associates, providers of third-party administrator services, field adjusting services, specialty claims services, and fraud investigations, has announced that Insurance Servicing & Adjusting Company (ISAC) has become part of the David Morse & Associates Group.
Sunrise, Florida (PRWEB) July 26, 2006 –- David Morse & Associates (www.davidmorse.com), providers of third-party administrator services, field adjusting services, specialty claims services, and fraud investigations, has announced that Insurance Servicing & Adjusting Company (ISAC) has become part of the David Morse & Associates Group.
The move increases David Morse & Associates' presence in the Southeast and brings to ISAC a myriad of David Morse & Associates resources, including property, general liability, auto and other casualty lines, along with its expertise as a third party administrator. In addition, the combined catastrophe claims operations of David Morse & Associates and ISAC will move the merged company toward the top tier of catastrophe claim service providers.
ISAC has seven branch offices in the Southeast: Fort Lauderdale, Tampa, Orlando and Tallahassee in Florida; Charleston and Florence in South Carolina; and Baton Rouge, Louisiana. In the 2004 and 2005 hurricane seasons, ISAC handled more than 100,000 catastrophe-related claims.
Tom Reitze, President of David Morse & Associates, stated, "ISAC has a 50-year reputation for quality and is a great fit with David Morse & Associates. Its strengths in day-to-day property and catastrophe claims, combined with its Southeastern location provide David Morse & Associates with the ability to consistently deliver superior service to a greater number of clients."
Noting that ISAC will keep its name and personnel, Reitze said, "When a company is this good, you don't want to change anything."
Joe McCurdy, president of ISAC, said that the company's goal is to ensure a stable future for ISAC's clients and staff. "Because ISAC prides itself on providing high-quality service to its clients, and David Morse & Associates has the same service philosophy, the two companies will complement and assist one another."
McCurdy, who along with ISAC's executive team will remain with the company during a transition period, said, "ISAC's clients will have even more resources, ensuring future service with ISAC as part of the David Morse & Associates Group."
David Morse & Associates has selected Senior Vice President Rick Loden to take over as the President of ISAC. Loden will work with McCurdy on making the transition seamless for ISAC clients.
Loden, who was a senior officer at both the Maryland Casualty Insurance Company and TIG, and who has over 20 years of senior level management experience in the insurance industry, stated "I have worked with the David Morse & Associates and ISAC teams for many years and am excited about this opportunity. Our emphasis has always been on quality. ISAC's reputation and strengths will make it a valuable member of the David Morse & Associates Group. The goal of David Morse & Associates has always been to provide nationwide claims service of the highest quality."
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