ATLANTA, June 14, 2012 /PRNewswire/ -- Crawford &
Company (NYSE: CRDA; CRDB), the world's largest independent
provider of claims management solutions, today announced that it
has entered into a pre-arranged stock repurchase plan for the
purpose of repurchasing shares of its Class A common stock in
accordance with guidelines specified under Rule 10b5-1 and Rule
10b-18 of the Securities Exchange Act of 1934.
This plan has been established pursuant to Crawford's previously announced share
repurchase program, in which the Board of Directors authorized the
repurchase of up to 2 million shares of the Company's common stock
(either Class A or Class B or both) until May 2015.
The plan will be administered through an independent broker and
covers the repurchase of Class A shares beginning June 14, 2012, and ending August 31, 2013. Repurchases are subject to SEC
regulations as well as certain price, market volume and timing
constraints specified in the plan. As a result, there can be no
assurances as to the timing, amount or prices of any repurchased
shares.
About Crawford
Based in Atlanta, Ga.,
Crawford & Company (www.crawfordandcompany.com) is the world's
largest independent provider of claims management solutions to the
risk management and insurance industry as well as self-insured
entities, with an expansive global network serving clients in more
than 70 countries. The Crawford System of Claims Solutions(SM)
offers comprehensive, integrated claims services, business process
outsourcing and consulting services for major product lines
including property and casualty claims management, workers
compensation claims and medical management, and legal settlement
administration. The Company's shares are traded on the NYSE under
the symbols CRDA and CRDB.
SOURCE Crawford & Company