Company Release – 06/30/2009 09:26
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) rates, rules, forms, and endorsements.
“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(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (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.
Contact: 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
