Blue Cod Technologies Selected to Manage California Earthquake Coverage for Homesite Group, Inc.

– Premier Managed Insurance Services and CEA Solutions Provider Now Supports Seven of the 17 Participating Insurers –

MARLBOROUGH, Mass.--(BUSINESS WIRE)-- Blue Cod Technologies, Inc., the leading Managed Insurance Services provider for the property and casualty (P&C) industry, today announced that Homesite Group, Inc. selected Blue Cod to support the company’s earthquake coverage in California.

“Providing our customers with quality coverage through the CEA is an important aspect of our California homeowners program,” said Peter B. Settel, SVP, CIO Homesite Group, Inc. “Partnering with Blue Cod provides significant cost and resource allocation benefits compared with our current in-house solution, especially given the complexity of the highly regulated California earthquake market. We look forward to growing our relationship with Blue Cod in providing competitive and compliant earthquake coverage for our California customers

With the addition of Homesite, Blue Cod, the premier provider of Managed CEA Solutions, now supports seven of the 17 participating insurance companies and is the provider of choice to assist carriers with the intricate and highly regulated earthquake coverage process. The Blue Cod Managed CEA Solution provides participating insurers (PIs) with a cost- and time-effective alternative by enabling them to delegate the full CEA process to Blue Cod Technologies’ team of experienced insurance professionals. This allows customers to remain focused on daily business operations with the confidence that their CEA processing function is precise, compliant, on-time and well-managed.

“The continued growth of the Blue Cod CEA client group is a testament to our expertise within this specialized market,” said Simon de Montfort Walker, executive vice president, operations, Blue Cod Technologies, Inc. “As the most focused and practiced CEA solutions provider, we can extend this experience to our client PIs, giving them the support and resources they need to offer advanced earthquake coverage.”

Blue Cod can support either project-based or fully managed CEA engagements. The company can also work with carriers that are exploring the option of joining the CEA to help them assess, and if necessary, plan and implement an effective in-house or hosted CEA processing solution.

About Homesite Group, Inc.

Founded in 1997, Homesite Group Incorporated focuses exclusively on the homeowners market. Homesite has been committed to addressing problems long associated with the U.S. homeowners insurance business: high fixed costs, limited distribution channels, and minimal technological innovation. Today, Homesite continues to bring industry-leading technology, innovative marketing and distribution strategies, and expertise in catastrophe management to the home insurance business. As a result, Homesite continues to deliver quality insurance products, outstanding customer service, and competitive premiums to consumers all across the nation. Today Homesite writes homeowners, condominium owners and renters insurance policies in 47 states and the District of Columbia. Homesite's products are distributed through the Internet, Company- and Partner-call centers, and through selective arrangements with licensed agents and producers.

About Blue Cod Technologies, Inc.

Blue Cod Technologies, Inc. is the leading provider of Managed Insurance Services for the property and casualty (P&C) industry and addresses the support and technology needs of start-up, SMB and enterprise-class carriers in the Earthquake, Homeowner, Auto, Farmowners and Commercial Package markets. Blue Cod’s team of experienced insurance, technology and implementation specialists deliver high-end insurance services at a lower operational and capital expense than can be achieved through an organization’s internal staff. Blue Cod Technologies offers customers the ability to create customized solutions or take advantage of specialized programs such as CEA Process, Coastal Homeowner, FAIR Plan Process and Assigned Risk Auto that bundle services to address common insurance challenges.

Blue Cod Technologies, Inc.Karen Regan, 508-683-2876
karen.regan@bluecod.com
or
Blue Cod Technologies, Inc.James Stolberg, 508-335-9370
james.stolberg@bluecod.com

Source: Blue Cod Technologies, Inc.