Business Services Industry
Cover-All Technologies Selected by RSI Insurance Brokers, Inc
Business Wire, June 14, 1999
FAIR LAWN, N.J.--(BUSINESS WIRE)--June 14, 1999--
Cover-All Technologies Inc., CTI (NASDAQ:COVR)(PHLX:CVA) today announced that Santa Ana, California-based RSI Insurance Brokers Inc. has selected CTI to provide a full policy rating and issuance system for one of its affiliates. CTI's Classic EXPRESSion, is a Windows(R)-based 32-bit application that includes a graphical user interface (GUI) and provides users with a familiar environment and Windows-standard tools.
Classic EXPRESSion will be used by one of RSI's affiliates for processing Commercial Package Policy and Commercial Auto business lines in Nevada, Arizona and California.
According to Ben Thomas, CEO at RSI, "Cover-All was selected because it meets our present and future growth needs for policy issuance and rating. We look forward to enhanced program expansion and migration to the Internet to service the needs of our clients and brokers throughout the western states."
The Classic EXPRESSion system utilizes a client/server architecture. It is compliant with Windows 95, 98 and WindowsNT operating systems and with Novell(R) and NT networks. The system can be interfaced with workflow management facilities, expert underwriting systems, information sources and other external products. The optional Oracle(R) relational database allows ad hoc querying of the data, providing management with timely information for making decisions. Future features in Classic EXPRESSion will allow print preview, e-mail and fax capabilities.
RSI is a specialized agency working in target programs which include Garage, Used Car Dealer, Towing, Franchised New Car Dealers, Local Intermediate Trucking, Workers Compensation and Intermodal. Serving the western region, RSI is licensed in 28 states and is celebrating its tenth year in business.
Utilizing the latest client-server relational database technology, Cover-All Technologies, Inc. specializes in providing strategic policy and premium software solutions to the property and casualty insurance industry. Cover-All is based in Fair Lawn, N.J. More information may be obtained from the company's web site at www.cover-all.com.
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, delays in productivity programs and new product introductions, 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, copies of which are available from the SEC or may be obtained upon request from the company.
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