Insurer Becomes First to Offer Business Customers an Online Pre-Employment Screening Service without Membership Fees.Business Editors NOVATO Novato (nōvä`tō), residential city (1990 pop. 47,585), Marin co., W Calif., N of San Fransisco on San Pablo Bay; inc. 1960. In a farming and dairying area, it produces cosmetics, metal products, telephone apparatus, lumber, and wiring , Calif.--(BUSINESS WIRE)--April 1, 2003 Fireman's Fund Insurance Company Fireman's Fund Insurance Company is a Novato, California-based insurance company owned by Allianz SE of Germany. It was founded June 18 1863 and issued its first policy to Walter Hawxhurst covering one half interest in 1,000 kegs of Boston syrup for a premium of $12. has become the first national property-casualty insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. to make online employment screening -- as well as a "1-800-How am I Driving?" service -- available to a select tier of its middle market business customers without membership or enrollment fees. Access to the two services from Driver's Alert began being offered through the insurer's iCustomer Series(SM) service last week. The only fees charged will be for specific reports ordered. "Fireman's Fund has departed from traditional industry practice by making sophisticated non-insurance products that indirectly result in lower loss experience available to our business clients," said Tom Alteri, product development director for Fireman's Fund Commercial Insurance. Alteri said: "We believe these two crucial services from Driver's Alert will constructively benefit the risk management among our prime customers. This is a whole new way of thinking in business insurance." Alteri said that employment screening prevents the hiring of employees who are not dependable from any perspective. Driver monitoring services The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. help employers avoid accidents before they occur by holding drivers accountable for on-the-road actions. "The result is loss reduction, which saves us claims dollars," he said. "As an added bonus, both programs improve public image, safeguard equipment and can even save lives in the long term." These non-insurance products are part of a series of vendor services added to the Company's new iCustomer Series program that streamlines risk management for Middle Market and Commercial Group customers by providing real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. access to a broad array of industry-specific tools and services. Other similar non-insurance products offered include employee training programs and online data storage. "Employment and background checks can be ordered and viewed worldwide 24/7," said Paul Milazzo, president of Driver's Alert. "We use the proprietary 'ScreenNow' Web interface created by ChoicePoint(C) to provide small and mid-sized businesses with customized employment screening tools to help them make better informed hiring decisions. Our quick and easy service accesses reliable information that is compliant with Federal Credit report Act standards -- and it's done automatically with instant results, allowing small and mid-sized employers to more effectively compete for the best candidates while reducing workplace fraud, waste and abuse." ScreenNow(TM) reports include: National and State criminal file searches, instant and overnight motor vehicle record checks, instant credit reports, social security number and identity verifications Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or , education and employment verification, and credential credential verb To determine or verify titles, qualifications, documents, completion of required training, and continuing education, in those persons who function in a professional or official capacity–eg, ER physician, neurosurgeon, etc. Cf Credentials. and reference checks. "The second service we're offering to this select set of Fireman's Fund iCustomers is our '1-800-How am I Driving?' program which monitors driver road performance and helps document unsafe acts," said Milazzo. "This service has been so effective that Driver's Alert guarantees a 10 percent reduction in a company's auto accident rate or a three times return on their investment with Drivers Alert or the business receives their money back. Fireman's Fund negotiated preferred pricing on this program for its iCustomers Series clients." "From our focus group research, we know that our business customers want to hire dependable employees and become aware when their drivers are taking liberties in company vehicles," said Alteri. "So adding Driver's Alert to our potential deliverables improves the value-added quality to our iCustomer Series portal." About Fireman's Fund Insurance Company The 140-year-old Fireman's Fund is based in Novato, Calif., and holds an "A" rating from the A.M. Best Company. Last year the Company had gross premiums written When a non-life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. of almost $4.3 billion from underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. a variety of commercial and personal insurance coverages. For more information, visit www.firemansfund.com. Fireman's Fund is a subsidiary of Allianz AG of Munich, one of the world's largest financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms with almost $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . For additional information, contact Fireman's Fund PR director John Kozero at 415/899-2166. About Driver's Alert Based in Lighthouse Point, Florida Lighthouse Point is a city in Broward County, Florida, United States. The city was named for the Hillsboro Inlet Lighthouse, which in fact is located in Hillsboro Beach, not Lighthouse Point. As of 1 July 2006, the population estimated by the U.S. Census Bureau is 11,282. , Driver's Alert provides vehicle monitoring services to over 8,000 independent fleet operators representing more than 300,000 commercial vehicles in the U.S. and Canada. Using call center technology and Web delivery information systems, they track driver behavior and performance for commercial fleet managers. Driver's Alert has a strategic alliance with ChoicePoint, the nation's leading provider of identification and credential verification services, to offer small and mid-sized businesses access to the world's first real internet employment screening service. For more information about Drivers Alert, visit www.driversalert.com. |
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