StoneRiver’s National Flood Services to Acquire CSC’s Flood Insurance BPO Unit

PR Web

Kalispell, Montana (PRWEB) May 16, 2013

StoneRiver’s National Flood Services (“NFS”) subsidiary, a leading provider of outsourced technology solutions and services to insurance carriers and agents, reached a definitive agreement to acquire the flood insurance business process outsourcing (“Flood BPO”) unit of CSC. The transaction, which is subject to customary closing conditions, is expected to close in the month of May.

The acquisition combines the industry-leading technology and customer service capabilities of NFS with Flood BPO’s deep experience in government contracting and commercial BPO services. The combined company, which will operate as National Flood Services, will have over 700 employees dedicated to serving the outsourcing needs of its commercial insurance and government clients. NFS will assume Flood BPO’s insurance processing and management platform.

The combined company will operate in three primary locations: Kalispell MT, Overland Park KS, and Lakeland FL.

About National Flood Services
National Flood Services (NFS), the leader in flood insurance processing, is based in Kalispell, Montana with service centers in St. Petersburg, Coral Springs, and Lakeland, Florida. NFS offers its property and casualty insurance company clients full-service solutions for their insurance processing needs; from policy and claims administration to web-based agency solutions and superior customer service and marketing support. Founded in 1985, NFS continuously improves services through new technology, fundamental practices, and innovation. Most recently, National Flood Services released FloodTools.com, an interactive website providing free personalized flood risk analysis for both the general public and organizations who utilize these resources as part of their industry. For more information on National Flood Services, visit NFS.StoneRiver.com.

About StoneRiver, Inc.
StoneRiver delivers the industry’s widest range of technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Hundreds of companies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. Visit StoneRiver.com for more information.