Canal Insurance Selects Guidewire ClaimCenter as Enterprise Claims System.Business Editors GREENVILLE, S.C. & SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Jan. 13, 2004 Next-Generation Claims System to Increase Flexibility and Efficiency in Claims Organization Canal Insurance Company, a leading provider of commercial trucking insurance, and Guidewire Software, a leading provider of claims solutions to property and casualty insurers, today announced that Canal Insurance has selected Guidewire ClaimCenter as its new enterprise claims system. As a leader in trucking insurance for over sixty years, and with claims professionals averaging over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience, Canal Insurance delivers prompt and fair claims adjustment throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Canal decided to deploy a new claims system to provide more powerful tools to its claims personnel and further enhance its service to policyholders and claimants. After a comprehensive review of available claims systems, Canal selected Guidewire ClaimCenter as its platform for improved claims performance. "With ClaimCenter as our new claims system, we will enhance the support we provide to our highly skilled claims professionals, as well as our policyholders and claimants," said F. M. "Mac" Timmons, Jr., senior vice president of claims at Canal. "ClaimCenter gives us the flexibility to support the complex requirements of trucking insurance, and to adapt to changing needs as we grow and as the business environment evolves." Canal Insurance will deploy Guidewire ClaimCenter to the entire claims organization to support all lines of business, including physical damage, liability, cargo, and general liability. ClaimCenter will integrate to multiple Canal systems, including policy and accounting systems, and will be configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: to Canal's precise requirements using XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and business rules. "ClaimCenter delivers the business functionality we were searching for on a technology platform we have chosen for the future, and is backed by a world-class development team," said Adrian Brown
Guidewire ClaimCenter helps insurers improve claim outcomes, using flexible business rules to optimize optimize - optimisation the claim process for each claim, and automatically monitoring all operations to catch exceptions and eliminate errors. Claims executives can use the system to define and enforce their preferred claim handling practices, and can refine those practices over time. ClaimCenter is available both as a standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. claims system and as a component-based platform to complement any insurer's existing systems. ClaimCenter's modern architecture, web client, XML-based configuration, and web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. support ensure lower total cost of ownership in any carrier environment. "We appreciate Canal Insurance's selection of ClaimCenter and we look forward to a long-term partnership with Canal," said John Raguin, chief executive officer, Guidewire Software. "Canal is a proven leader in its field with a strong business and technology vision, and we are proud to be part of their technology team for years to come." About Canal Insurance Company Canal Insurance is a leader in commercial trucking insurance and related insurance lines. Canal has specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in trucking insurance for over sixty years and underwrites business in forty-six states. Rated A+ by A. M. Best, Canal is and has been named one of the property and casualty insurance industry's Top 50 companies by Ward Financial Group for ten years in succession. Canal is represented by a network of independent general agents. For more information, please visit www.canalinsurance.com. About Guidewire Software Guidewire Software is a leading provider of claims solutions to property and casualty and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. insurers. Guidewire applies modern software technology to help insurance carriers run their claims operations and reduce avoidable claims costs. Guidewire ClaimCenter is the industry's first end-to-end, 100% web-based claims system for all lines of business. For more information, please visit www.guidewire.com. NOTE: Guidewire Software and Guidewire ClaimCenter are trademarks of Guidewire Software, Inc. |
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