Quincy Mutual Selects ISO HomeValue as its New Residential Replacement Cost Estimator

Business Wire, Nov 7, 2005

BOSTON -- ISO and AIR Worldwide Corporation announce the addition of Quincy Mutual Fire Insurance Company to the growing list of companies turning to ISO HomeValue(TM) to strengthen their underwriting processes. ISO HomeValue is a web-based residential property replacement cost estimator that helps insurers write homeowners policies that reflect full replacement value.

Quincy Mutual signed a multi-year contract for ISO HomeValue with the primary goal of improving insurance to value for its entire portfolio of homeowners policies by providing its almost 500 independent agents with the most advanced replacement valuation technology available.

"ISO HomeValue is the ideal application to meet our policy quoting and underwriting needs," said Kevin Meskell, executive vice president at Quincy Mutual. "ISO HomeValue will provide our underwriters and agents with objective information that can help improve the quality of replacement cost estimates and further enhance our underwriting performance."

About Quincy Mutual

Quincy Mutual Fire Insurance Company was established in 1851 and is a leading writer of homeowners insurance in the northeast with 200,000 policyholders. Together with its subsidiary company in Maine, Patrons Oxford, the Quincy Mutual Group enjoys a long history of providing homeowners, auto and business insurance through its independent agents. Quincy is among a small group of carriers who have been rated A+ by A.M. Best for more than 50 consecutive years.

About ISO HomeValue

ISO HomeValue is an innovative property replacement valuation system that enables insurers and their agents to make reliable replacement cost estimates of residential properties in the event of a total loss. By helping to ensure that properties are written to reflect full replacement value, ISO HomeValue improves underwriting profitability by containing premium leakage. Its intuitive, web-based interface streamlines the replacement cost estimation process and strengthens the insurer-agency relationship. ISO HomeValue is designed with the flexibility to enhance an insurer's unique workflow needs. It can be integrated with in-house and third-party applications, as well as with a wealth of data sources from ISO. ISO HomeValue was developed by AIR Worldwide Corporation, a subsidiary of ISO. For more information, please visit www.isohomevalue.com.