Sedgwick founder Bob Young dies

Robert “Bob” Young, founder of Sedgwick Claims Management Services Inc., died Feb. 20 in Pinehurst, North Carolina, the third-party administrator said in a statement Wednesday.

He was 83.

Born in Ohio, Mr. Young moved to California after college and in 1969 founded National Compensation Services in San Francisco. That small claims services company ultimately became Sedgwick.

Mr. Young grew the company to more than 500 people. He retired in 1996 when Dave North became president and CEO.

Sedgwick has 27,000 employees operating in 65 countries.