K2 Insurance Services is expanding with the acquisition of Coast to Coast.
Posted on: August 19, 2020 by Pavla Hook
K2 Insurance Services continued its insurance services expansion with the acquisition of independent adjusting firm Coast to Coast. The acquisition advances the company strategy of building a premier insurance services company by adding a key component of the claims process.
Coast to Coast has provided independent adjusting (IA) services for personal & commercial clients for over 30 years. They have deployed to dozens of catastrophic events and handled over 40,000 claims during that time. David Munnerlyn will serve as President of the newly formed CTC Claims (CTC) which will serve as a strategic platform for growth of both residential and commercial Independent Adjusting (IA) Services. CTC’s claims expertise, experience with Catastrophic (CAT) storms, and attention to detail boosts customer satisfaction and delivers best-in-class Loss and ALAE mitigation.
Scott Marshall, Chief Claims Officer for K2 Claims commented, “David and his CTC team are-quasi Family members already having been K2’s go-to property claims partner for over 28 years.“
About K2 Insurance Services
K2 Insurance Services is a leading Program Administrator led by CEO Bob Kimmel which was formed in 2011 and is based in San Diego. Through start-up programs and acquisitions, the company has grown to more than 400 employees managing over $900M in premium volume for 19 programs underwritten from the US and UK.
About K2 Claims Services
K2 Claims Services is a National TPA handling Property, GL, Auto, PL, & WC claims with a history of 43 years. The unit services claims for a variety of insurance lines supporting carriers, London syndicates and self-insureds. It operates from 13 offices and has 70 employees, 15 field adjusters, and over 5,000 contracted independent adjusters.
Posted in: Announcement