Cover-All Technologies Inc. releases Massachusetts Commercial Auto for My Insurance CenterTM
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FAIRFIELD, N.J.--(Business Wire)--
Cover-All Technologies Inc. (OTC BB: COVR), a leading provider of comprehensive
business solutions and services for the property and casualty insurance
industry, today announced the immediate availability of Massachusetts Commercial
Automobile Rating & Policy Issuance. Already in production at Old Republic
General Insurance Corporation, the Mass Auto product includes Commercial Auto,
Private Passenger, and Special Type Vehicles, all based on using the Automobile
Insurers Bureau (AIB) loss costs, rules and rates.
"This is yet another example of our ability to respond to our customers`
business needs with proven technology," said Cover-All COO, Maryanne Gallagher.
"We`re constantly working to enhance the breadth and scope of our offerings to
help drive business results for our customers."
Available to Carriers, MGAs and Program Managers, Mass Auto includes full access
to statistical information which includes all Massachusetts-specific detailed
data to support the Commonwealth Automobile Reinsurers (CAR) requirements. When
paired with Cover-All`s comprehensive full service model, clients now benefit
from complete maintenance and updates for AIB revisions in Massachusetts.
The Mass Auto product is the latest addition to the vast capabilities of the My
Insurance Center platform, which already includes Commercial ISO, NCCI Workers`
Compensation and many specialty lines that have been customized for individual
client needs.
About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing
sophisticated software solutions for the property and casualty insurance
industry. With My Insurance Center, a 100% web-based platform, Cover-All is
building on its reputation for quality insurance solutions, knowledgeable people
and outstanding customer service by creating new and innovative insurance
solutions that leverage the latest technologies and bring our customers
outstanding capabilities non business results.
Pairing state-of-the-art functionality of My Insurance Center with experienced
service professionals, who after implementation ensure continued compliance with
statutory, regulatory, and market differentiation needs, Cover-All continues its
tradition of innovating technology solutions to revolutionize the way the
property and casualty insurance business is conducted.
Additional information is available online at www.cover-all.com.
Cover-All, My Insurance Center (MIC) and Insurance Policy Database (IPD) are
trademarks or registered trademarks of Cover-All Technologies Inc. All other
company and product names mentioned are trademarks or registered trademarks of
their respective holders.
Forward-looking Statements
Statements in this press release, other than statements of historical
information, are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks which may cause the
Company`s actual results in future periods to differ materially from expected
results. Those risks include, among others, risks associated with increased
competition, customer decisions, the successful completion of continuing
development of new products, the successful negotiations, execution and
implementation of anticipated new software contracts, the successful addition of
personnel in the marketing and technical areas, our ability to complete
development and sell and license our products at prices which result in
sufficient revenues to realize profits and other business factors beyond the
Company`s control. Those and other risks are described in the Company`s filings
with the Securities and Exchange Commission ("SEC") over the last 12 months,
including but not limited to the Company`s Annual Report on Form 10-K for the
year ended December 31, 2008, filed with the SEC on March 30, 2009, copies of
which are available from the SEC or may be obtained upon request from the
Company.
Cover-All Technologies Inc.
Miguel A Edwards, 973-461-5211
SVP Business Development
medwards@cover-all.com
or
Ann Massey, 973-461-5190
Chief Financial Officer
amassey@cover-all.com
or
Investor:
Hayden IR
Brett Maas, Principal
646-536-7331
brett@haydenir.com
Copyright Business Wire 2009
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