CorVel Corporation congratulates The Save Mart Companies for winning the 2025 Workers’ Compensation Risk Management Award for Excellence.
Quiver AI Summary
CorVel Corporation announced that its partner, The Save Mart Companies, has received the 2025 Workers’ Compensation Risk Management Award for Excellence from PropertyCasualty360 during the WCI Conference in Orlando. The award recognizes Save Mart's risk management team, led by Rosie Partida, for their innovative transformation of the company's workers' compensation program, focusing on prevention, timely care, and employee well-being. Their strategies, which included the launch of a 24/7 nurse triage line and a data-informed safety culture, resulted in a significant reduction of claims, including a 25% decrease in new claims across the company and a 43% drop at their highest claim locations. This recognition highlights Save Mart's commitment to improving workplace safety and employee outcomes.
Potential Positives
- CorVel Corporation is highlighted for its partnership with The Save Mart Companies, which demonstrates the effectiveness of its risk management solutions in a real-world application.
- The Save Mart Companies' achievement of the 2025 Workers’ Compensation Risk Management Award for Excellence raises CorVel's profile as a leading provider of innovative risk management strategies.
- The collaboration led to measurable improvements, including a 25% reduction in new claims and a significant drop in claims at high-volume locations, showcasing the effectiveness of CorVel's services.
Potential Negatives
- The press release emphasizes CorVel's partnership with The Save Mart Companies, which may draw attention to their reliance on third-party partnerships for recognition and success, potentially raising concerns about their own independent performance and capabilities.
- The focus on The Save Mart Companies' significant achievements could overshadow CorVel's own accomplishments, creating an impression that CorVel is merely a supporting player rather than a leader in the risk management industry.
- CorVel’s disclaimer about forward-looking statements may indicate uncertainty about future performance and the potential for risks that could impact their operations, leaving room for investor concern regarding the company's strategic direction and stability.
FAQ
What is the Workers’ Compensation Risk Management Award for Excellence?
The award recognizes organizations demonstrating innovation and measurable improvements in workplace safety and claims management.
Who is the recipient of the 2025 Workers’ Compensation Risk Management Award?
The Save Mart Companies received the award for its excellence in managing workers' compensation risks.
What innovative strategies did The Save Mart Companies implement?
The company deployed a nurse triage line, adopted a data-informed safety culture, and redesigned claims review processes.
How did The Save Mart Companies' claims volume change in 2024?
In 2024, the company experienced a 25% reduction in new claims and a 43% reduction at high-claim locations.
Who led the risk management team at The Save Mart Companies?
Rosie Partida, the Director of Risk Management, led the team recognized for its transformative approach to risk management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRVL Insider Trading Activity
$CRVL insiders have traded $CRVL stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $CRVL stock by insiders over the last 6 months:
- JEFFREY J MICHAEL has made 0 purchases and 2 sales selling 16,523 shares for an estimated $1,933,010.
- MAXIM SHISHIN (Chief Information Officer) has made 0 purchases and 2 sales selling 14,400 shares for an estimated $1,329,392.
- R JUDD JESSUP has made 0 purchases and 4 sales selling 8,123 shares for an estimated $900,529.
- ALAN HOOPS has made 0 purchases and 4 sales selling 8,000 shares for an estimated $841,155.
- BRANDON O'BRIEN (Chief Financial Officer) has made 0 purchases and 2 sales selling 6,168 shares for an estimated $673,795.
- MICHAEL G COMBS (CEO & President) sold 2,816 shares for an estimated $316,396
- MARK E. BERTELS (EVP - Risk Management Services) has made 0 purchases and 2 sales selling 1,800 shares for an estimated $182,253.
- JENNIFER YOSS (Vice President of Accounting) sold 1,050 shares for an estimated $116,959
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CRVL Hedge Fund Activity
We have seen 156 institutional investors add shares of $CRVL stock to their portfolio, and 122 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEUBERGER BERMAN GROUP LLC removed 448,951 shares (-53.5%) from their portfolio in Q2 2025, for an estimated $46,143,183
- MILLENNIUM MANAGEMENT LLC added 184,868 shares (+383.7%) to their portfolio in Q2 2025, for an estimated $19,000,733
- DIMENSIONAL FUND ADVISORS LP removed 153,154 shares (-10.6%) from their portfolio in Q2 2025, for an estimated $15,741,168
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 148,147 shares (-2.6%) from their portfolio in Q2 2025, for an estimated $15,226,548
- BOSTON TRUST WALDEN CORP removed 140,956 shares (-20.8%) from their portfolio in Q2 2025, for an estimated $14,487,457
- JANUS HENDERSON GROUP PLC removed 105,337 shares (-89.2%) from their portfolio in Q2 2025, for an estimated $10,826,536
- ASSENAGON ASSET MANAGEMENT S.A. added 89,994 shares (+720.9%) to their portfolio in Q2 2025, for an estimated $9,249,583
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT WORTH, Texas, Aug. 26, 2025 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, congratulates its partner, The Save Mart Companies , one of the West Coast's largest regional, full-service grocery chains, for being named one of three recipients of the 2025 Workers’ Compensation Risk Management Award for Excellence, presented by PropertyCasualty360. The award was announced at this year’s Workers’ Compensation Institute (WCI) Conference in Orlando, Florida.
The Save Mart Companies risk management team, led by Rosie Partida, Director of Risk Management, is recognized for its transformation of the company’s workers’ compensation program through strategic innovation, enhanced safety protocols, and employee-first policies. Under Partida’s leadership, the company transitioned from a reactive claims model to a prevention-focused approach, prioritizing timely care, cross-functional collaboration, and enhanced employee outcomes.
Partnering with CorVel, The Save Mart Companies team implemented a suite of best-in-class strategies, including:
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Deployment of an Advocacy 24/7 nurse triage line to provide real-time clinical support and reduce unnecessary external care
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Adoption of a data-informed safety culture focused on accountability, proactive training, and continuous improvement
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Redesign of claims review through collaborative roundtables involving risk teams, CorVel adjusters, and legal partners to drive faster and more effective resolutions
The impact of Save Mart’s proactive strategy has been both immediate and measurable. In 2024, The Save Mart Companies saw a 25% reduction in new claims across its entire operation. At the five locations with historically the highest claim volumes, claims fell by 43% compared to 2020 (excluding COVID-related cases). Common injury types, including sprains/strains and lacerations, saw declines of 40% and 19%, respectively.
“The Save Mart Companies’ program reflects the power of coordinated strategies and early intervention in improving both employee outcomes and organizational performance,” said Michael Combs, President and CEO of CorVel. “We’re proud to support their efforts and celebrate their success in setting a new standard in risk management.”
The Workers’ Compensation Risk Management Award for Excellence recognizes organizations that demonstrate innovation, measurable improvements, and adherence to ethical standards in workplace safety and claims management. The Save Mart Companies stood out for its commitment to continuous improvement, employee well-being, and strategic claims resolution. The 2025 honorees will be featured in the August 2025 issue of NU Property & Casualty magazine and highlighted on PropertyCasualty360’s official website.
About The Save Mart Companies
The Save Mart Companies operates 194 Save Mart, Lucky, FoodMaxx stores in neighborhoods throughout California and Western Nevada, as well as 11 Roth's and Chuck's Fresh Markets in Oregon and Washington. Proud to be one of the West Coast's largest regional, full-service grocery chains, the Company and its more than 12,000 associates take extra care to provide customers with the freshest food for their families at affordable prices. The Save Mart Companies' philanthropic non-profit organization, The CARES Foundation, provides vital resources for children and families and has donated over $5 million to local communities. For more information on The Save Mart Companies, please visit:
www.TheSaveMartCompanies.com
Media Contacts:
[email protected]
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change Such forward-looking statements include, but are not limited to, statements relating to the Company’s services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s product offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025, September 30, 2024 and December 31 2024. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
Contact: Melissa Storan
Phone: 949-851-1473
www.corvel.com
