State Auto, Strategic Insurance Software Win ACORD Awards
June 13 2006 - 11:48AM
Business Wire
The State Auto Insurance Group (State Auto) (Nasdaq:STFC) and its
software development subsidiary, Strategic Insurance Software,
Inc., (SIS), of Gahanna, Ohio, both won prestigious awards at the
ACORD LOMA Insurance Systems Forum held in Las Vegas earlier this
month. State Auto received the AL3/XML Data Transformation and
Business Integration Enabler awards. SIS won three awards: Early
Adopter - Forms; AL3/XML Data Transformation and the Outsourcer
Award. State Auto and SIS associates accepted the awards on behalf
of their respective companies. ACORD (Association for Cooperative
Operations Research and Development) recognizes industry technology
leaders through the ACORD LOMA awards. Many independent insurance
agencies doing business with State Auto are able to send new
business applications and policy changes electronically to the
company, reducing redundant systems entry work and human error.
"We've achieved great efficiency over the years by leveraging the
ACORD standards throughout our State Auto applications and SIS
products," said State Auto Director of Information Technology Doug
Allen. "These awards help validate our information technology, and
ensure it will continue to be of great benefit to agents and
company associates." State Auto Financial Corporation,
headquartered in Columbus, Ohio, is a property and casualty
insurance holding company. The company markets its personal and
commercial insurance products through more than 22,000 independent
insurance agents associated with nearly 3,100 agencies in 27
states. The company has been named Forbes Magazine's "Best Managed
Insurance Company in America" for 2006 and is one of only 314
publicly traded companies to earn the Mergent Dividend Achiever
Award for having increased its dividends for ten or more years in
succession. The State Auto Insurance Companies are rated A+
(Superior) by the A.M. Best Company. Additional information on the
company can be found on its Web page at www.STFC.com.
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