Carrier goes live in less than six months
Oakland, CA, Feb. 16, 2010 – StoneRiver, a leading provider of technology and strategic solutions for the insurance industry, announced today that BrickStreet Insurance based in Charleston, WV, has gone into production with the StoneRiver PowerSuite® solution for comprehensive, browser-based Workers’ Compensation policy administration and claims management. BrickStreet is the leading provider of Workers’ Compensation insurance coverage in West Virginia and has recently been approved to write Workers’ Compensation in other states. The company went live with PowerSuite in under six months, and plans call for rolling out PowerSuite to additional states in the next year.
"The StoneRiver team clearly understands Workers’ Compensation,” said BrickStreet President and CEO Gregory Burton. “PowerSuite has capabilities that will grant us the ability to expand our business quickly and efficiently as well as to control the many details of processing Workers’ Comp business. We expect PowerSuite will help make BrickStreet an industry leader in terms of ease of doing business for our agents and policyholders.”
“After BrickStreet’s evaluation of PowerSuite, they could see the system was a great fit given their plans to expand. While system users will rely on the deep Workers’ Comp functionality in PowerSuite, the management team can confidently provide guidance using the executive dashboard information that is always useful,” said Gary Sherne, President of StoneRiver – Insurance Solutions.
PowerSuite is the market leading solution for Workers’ Comp administration in production across North America with support for quoting, rating, issuance and endorsements as well as comprehensive claims management. PowerSuite features include web quote, template underwriting, and complete lifecycle claim support from first notice through claim closure.
About StoneRiver
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.
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For more information contact:
Lori Soppe, VP, public relations
StoneRiver
319-398-0548
lori.soppe@stoneriver.com