Pennsylvania's State Workers' Insurance Fund Goes Live with InsureWorx' PowerComp(R).SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- PowerComp used to administer State of Pennsylvania's 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. program, enabling the state to contribute to a progressive, stable workers' compensation market InsureWorx, the industry leader in providing software solutions to the Workers' Compensation carrier market, announced that Pennsylvania's State Workers' Insurance Fund (SWIF SWIF Sito Web Italiano per la Filosofia SWIF Servizio Web Italiano per la Filosofia (Italian Web Service for Philosophy) SWIF Single Wire Interface (Scientific-Atlanta) ) is in production with InsureWorx' PowerComp Enterprise (claims and policy administration) solution to address the State Fund's workers' compensation processing requirements. SWIF selected the PowerComp solution as a state-of-the-art system to assist the state in meeting their commitment to provide a quality workers' compensation system for all of the SWIF stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Marisue Elias-Newman, SWIF's Executive Director, "SWIF selected PowerComp due to its technology and ability to help us to streamline and expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. medical bill payment, claims processing and policy management. Our ability to administer our policies most efficiently benefits everyone in the process." Ms. Newman continued, "We did extensive testing on the system before we moved it into production. As with any new system implementation or technology upgrade, there are always a few glitches along the way. But, by working closing with the InsureWorx PowerComp team we were able to overcome many unforeseen issues and successfully transition to our new system." "We are very pleased to announce SWIF's move into a production environment with our PowerComp Enterprise solution. We look forward to continuing our work with the SWIF team to help them gain even greater value from their system and to meet the constantly changing needs of their policyholders," commented Gary Sherne, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. with InsureWorx. "The addition of SWIF to our growing list of 'in production' clients further solidifies InsureWorx' position as the clear leader in providing software solutions to the Workers' Compensation market, especially among the State Funds." About Pennsylvania's State Workers' Insurance Fund (SWIF) Headquartered in Scranton, PA, SWIF was established by law to provide a quality workers' compensation program for Pennsylvania businesses that choose the Fund to meet their required obligation under the Workers' Compensation Act, and to contribute to a progressive, stable workers' compensation market in Pennsylvania. For additional information, please visit the SWIF website at www.dli.state.pa.us/swif or call 570.963.4635. About InsureWorx, Inc. InsureWorx(TM), located in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , (Emeryville) California and Denver, Colorado, is a leading provider of browser-based software solutions to the insurance industry. The flagship PowerComp(R) product line includes core-processing solutions for Workers' Compensation and other Commercial Property & Casualty and Group Disability and Life lines of business covering full enterprise claims, billing, 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. and policy administration functionality. For additional information on InsureWorx, please visit www.insureworx.com, or call 800.785.4526. Note: InsureWorx and PowerComp are trademarks of InsureWorx, Inc. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. and Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains various forward-looking statements and information that are based on InsureWorx management's beliefs, as well as assumptions made by and information currently available to management. InsureWorx has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which other new products and services can be successfully developed and marketed, the risks associated with any future acquisitions, and integrating recently completed acquisitions, InsureWorx' ability to continue to develop new products to effectively address market needs in an industry characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by rapid technological change, InsureWorx' ability to raise additional capital to finance future acquisitions and meet other funding needs, InsureWorx' dependence on customers, InsureWorx' dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, InsureWorx' ability to effectively protect its applications software and other proprietary information, InsureWorx' ability to attract and retain quality management, and software, technical sales and other personnel, the possible effects of insurance regulation on InsureWorx, and possible future terrorist attacks or acts of war Tom Clancy's Op-Center: Acts of War is a technothriller by Jeff Rovin Plot introduction The mobile Regional Operations Center (ROC) in Turkey investigates a dam blown up by Kurdish terrorists. . InsureWorx undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason. |
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