Pekin Insurance in Production on StoneRiver FAB Billing Solution

Billing Solution Enables Better Service for Insureds and Agents Oakland, CA, July 8, 2010 – StoneRiver, a leading provider of strategic solutions for the insurance industry, announced today that Pekin Insurance is one of over 25 companies in production with the FAB Billing solution. The billing solution is managing new and renewal business for key personal lines of business, and Pekin Insurance will move additional personal and commercial lines of business to FAB Billing in coming months. “Many factors contributed to the success of this project including good communication and software quality,” said Rod McKimson, Vice President of IT for Pekin Insurance. “We wanted an advanced billing solution and streamlined procedures that supported the business goal of providing optimal service to our home office staff and agents. We also needed an avenue to provide flexible, quick-to-market solutions for our ever changing business needs. With the FAB billing implementation, we have met these goals”. “Throughout the implementation Pekin Insurance was focused on quality results,” said President of StoneRiver – Insurance Solutions Gary Sherne. “Great teamwork and decision making skills resulted in another billing implementation success.” The Java-based, market-leading FAB Billing handles the complexities of premium billing with functions that addresses specific insurance needs. Popular features include electronic funds transfer, agency reconciliation, cash with application management, and much more. 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. # # # For more information contact: Lori Soppe, VP, Public Relations StoneRiver 319-398-0548 lori.soppe@stoneriver.com