According to Securities and Exchange Commission Form 8-K filing dated yesterday, April 29, two insurers of David Morse and Associates, eAutoclaims.com’s second largest customer, have been placed in receivership.
David Morse and Associates is a third party administrator that is eAutoclaims’ second largest customer. This third party administrator oversees approximately $120 million in Auto property and casualty insurance, which was administered by the managing general agent, Guardian General Insurance Services, Inc. The two insurers that were placed in receivership are estimated to have provided half of the revenue that eAutoclaims received from this customer. The remaining business from David Morse
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