CorVel Corp..
CRVL.US | Other business support service activities n.e.c.
CorVel Corp. is a national provider of risk management solutions, including workers' compensation, auto and general liability, and group health. The company delivers its services through a combination of technology, data analytics, and specialized expertise. CorVel's offerings include claims managem...Show More
Better Health for All
0
No evidence available to assess CorVel Corp. on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess CorVel Corp. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
-10
In 2024, the CEO pay ratio was 17:1 compared to the median employee pay.
1
Employee reviews from 786 individuals indicate an overall rating of 2.9 out of 5 stars and a culture rating of 2.7 out of 5 stars.
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A separate summary from 672 reviews reports an overall rating of 3.0 out of 5 stars and a culture and values rating of 3.1 out of 5 stars.
3
The compensation and benefits rating is 2.7 out of 5 stars, which decreased by 3% over the last 12 months, with the 401k match described as inadequate.
4
Employee comments frequently mention expensive and limited health insurance, a lack of paternity/maternity leave, and salaries below average.
5
Demographic data shows significantly lower employee ratings from Black or African American employees (2.3 stars), Indigenous American or Alaska Native (1.8 stars), LGBTQ+ (1.8 stars), and people with disabilities (2.5 stars).
6
Fair Trade & Ethical Sourcing
0
CorVel Corp. is a national provider of risk management solutions and services, primarily focused on claims management, bill review, and technology platforms.
1
Its business model does not involve the procurement or trade of physical commodities.
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Therefore, KPIs related to fair trade certifications, audit frequency for physical suppliers, forced/child labor incidents in upstream supply chains, supply chain traceability, remediation of sourcing violations, ethical clauses in material sourcing contracts, and high-risk material spend are not applicable to its operations, as per the rubric's N/A conditions. No evidence was found for supplier diversity spend, so this KPI is omitted.
3
Honest & Fair Business
-50
CorVel Corp. has a formal whistleblower policy that includes a dedicated hotline for reporting unethical or illegal behavior.
1
However, there is no evidence provided regarding independent investigation processes for these reports. The company also has an anti-corruption policy that prohibits bribes, kickbacks, and improper payments, and specifies that gifts must be nominal and consistent with customary business practices.
2
The policy does not provide clear guidance on facilitation payments or specific gift thresholds, nor does it detail training frequency or effectiveness.
Kind to Animals
0
No evidence available to assess CorVel Corp. on Kind to Animals.
No War, No Weapons
0
No evidence available to assess CorVel Corp. on No War, No Weapons.
Planet-Friendly Business
-20
CorVel Corp. sourced 47% of its operational energy consumption from renewables in 2024, an increase from 38% in 2023.
1
The company has a carbon emission reduction target of 22% for 2024, following a 15% reduction in 2023.
2
In 2024, CorVel invested $3.7 million in green technology and $1.3 million in sustainable infrastructure.
3
The company projects $450,000 in green certification expenses for 2024 and incurred $2.1 million in environmental compliance costs in the same year.
4
CorVel received two awards from Business Insurance in 2024.
5
Respect for Cultures & Communities
0
No specific, concrete data points were found in the provided articles that directly address any of the Key Performance Indicators for the ethical value "Respect for Cultures & Communities." Information regarding diversity, equity, and inclusion training for employees was present, but it did not explicitly specify "cultural sensitivity" components as required by the rubric's KPI definition.
1
Similarly, grievance mechanisms mentioned were for internal accounting and auditing matters for employees, not for community concerns.
2
Therefore, all KPIs have been omitted due to lack of direct evidence.
Safe & Smart Tech
-10
CorVel emphasizes five guiding principles for AI ethics, including data security, results reliability, flexibility, social responsibility, and continuous development.
1
The company states it provides continuous training and support for employees handling sensitive data.
2
CorVel also emphasizes continuous monitoring and retraining of AI models, developing explainable AI models, and scrubbing personally identifiable information.
3
The company addresses privacy concerns in AI implementation and uses diverse and representative data to mitigate bias.
4
CorVel states commitment to HIPAA compliance and has staff dedicated to monitoring and conforming with HIPAA regulations.
5
However, a security incident in July 2019 led to a nationwide system shutdown, potentially jeopardizing compliance with California regulations regarding electronic bill processing timeframes.
6
The nature and scope of this breach, including affected users or data compromised, remain unknown.
7
Zero Waste & Sustainable Products
0
The provided articles, including the company's 2024 Annual Report on Form 10-K, explicitly state that no specific data or information is available regarding waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, or supplier/customer waste education programs.
1
CorVel Corporation primarily provides risk management solutions and services, rather than manufacturing physical products, which may contribute to the absence of some product-related sustainability metrics.
2