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Cover-All Technologies Inc. Releases Massachusetts Commercial Auto for My Insurance CenterTM

 

Wednesday, Jul 01,2009, 4:41:00 PM   Click:

Cover-All Technologies Inc. (OTC BB: COVR), a leading provider ofcomprehensive business solutions and services for the property andcasualty insurance industry, today announced the immediate availabilityof Massachusetts Commercial Automobile Rating & Policy Issuance. Alreadyin production at Old Republic General Insurance Corporation, the MassAuto product includes Commercial Auto, Private Passenger, and SpecialType Vehicles, all based on using the Automobile Insurers Bureau (AIB)loss costs, rules and rates.

 

"This is yet another example of our ability to respond to our customers'business needs with proven technology," said Cover-All COO, MaryanneGallagher. "We're constantly working to enhance the breadth and scope ofour offerings to help drive business results for our customers."

 

Available to Carriers, MGAs and Program Managers, Mass Auto includesfull access to statistical information which includes allMassachusetts-specific detailed data to support the CommonwealthAutomobile Reinsurers (CAR) requirements. When paired with Cover-All'scomprehensive full service model, clients now benefit from completemaintenance and updates for AIB revisions in Massachusetts.

 

The Mass Auto product is the latest addition to the vast capabilities ofthe My Insurance Center platform, which already includes Commercial ISO,NCCI Workers' Compensation and many specialty lines that have beencustomized for individual client needs.

 

About Cover-All Technologies Inc.

 

Cover-All Technologies Inc., since 1981, has been a leader in developingsophisticated software solutions for the property and casualty insuranceindustry.With My Insurance Center, a 100% web-based platform, Cover-Allis building on its reputation for quality insurance solutions,knowledgeable people and outstanding customer service by creating newand innovative insurance solutions that leverage the latest technologiesand bring our customers outstanding capabilities non business results.

 

Pairing state-of-the-art functionality of My Insurance Center withexperienced service professionals, who after implementation ensurecontinued compliance with statutory, regulatory, and marketdifferentiation needs, Cover-All continues its tradition of innovatingtechnology solutions to revolutionize the way the property and casualtyinsurance business is conducted.

 

Additional information is available online at www.cover-all.com.

 

Cover-All®, My Insurance Center (MIC) and Insurance Policy Database(IPD) are trademarks or registered trademarks of Cover-All TechnologiesInc. All other company and product names mentioned are trademarks orregistered trademarks of their respective holders.

 

Forward-looking Statements

 

Statements in this press release, other than statements of historicalinformation, are forward-looking statements that are made pursuant tothe safe harbor provisions of the Private Securities Litigation ReformAct of 1995. Forward-looking statements involve known and unknown riskswhich may cause the Company's actual results in future periods to differmaterially from expected results. Those risks include, among others,risks associated with increased competition, customer decisions, thesuccessful completion of continuing development of new products, thesuccessful negotiations, execution and implementation of anticipated newsoftware contracts, the successful addition of personnel in themarketing and technical areas, our ability to complete development andsell and license our products at prices which result in sufficientrevenues to realize profits and other business factors beyond theCompany's control. Those and other risks are described in the Company'sfilings with the Securities and Exchange Commission ("SEC") over thelast 12 months, including but not limited to the Company's Annual Reporton Form 10-K for the year ended December 31, 2008, filed with the SEC onMarch 30, 2009, copies of which are available from the SEC or may beobtained upon request from the Company.

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