Crawford & Co. Reports Q4, Full Year Loss

Crawford & Co., a provider of claims management services to insurance companies and self-insured employers, has reported a fourth-quarter net loss of $51.7 million, down from net income of $3.3 million in the prior-year quarter. For full-year 2015, the company reported a net loss of $45.5 million, compared to net income of $30.6 million in 2014. In the fourth quarter, the company recognized goodwill impairment charges of $49.3 million related to its former Europe, Middle East, Africa, and Asia-Pacific and Americas reporting units, excluding U.S. Contractor Connection. During 2015, ...