October 30, 2004

Morrison Insurance Service Company Joins (ISN) InsuranceServiceNet / PremiumWare Online Data Processing Services

Arlington, Texas – Morrison Insurance Service Company (MISCO) and InsuranceServiceNet / PremiumWare, is today fully processing and servicing MISCO’s Administrative, Management, Internal Staff Auditors and External Field Auditors with InsuranceServiceNet’s online services data processing services and systems. This change over makes MISCO the most technologically advanced and integrated vendor in the insurance service industry.

This move will add directly to MISCO’s audit efficiency and accuracy from beginning to end and will help them extend their quality audit services to those companies all over the country wishing to get the most for their money in fee service efforts. Mike Barry, President at MISCO, knew that this would be a dramatic change and not without work but he has always implemented technology where it will help his customers get more value, quality, and better accountability to their list of loyal customers. InsuranceServiceNet (ISN) and PremiumWare/LossWare have been actively involved in helping solidify and extend the efficiency and effectiveness of MISCO’s user’s experience extending their industry leadership not only in California but also across the nation.

The choice to move to the ISN/PremiumWare system was in part due to the proven and verified operational effect that MISCO would generate over what their old vendor supplied which was an inefficient, inadequate, and troublesome premium audit system. This when combined with ISN/PremiumWare’s real world operational experience with Vendors and Insurance companies alike and built on the top notch support/services of ISN/PremiumWare made it an easy choice for MISCO to embrace the ISN/PremiumWare model. Mike Barry with MISCO sums it all up, “ISN/PremiumWare has a can do/will do attitude and delivers like they say they will…”

ISN’s new and innovative pricing and architecture design/implementation allows fee vendors and small to medium insurance companies the high value operationally proven tools that have allowed PremiumWare/LossWare clients to set quality and performance highs of unequalled efficiency and quality gains throughout the installed base of users. This new system is revolutionizing the industry and provides key technologies into companies that to date have been unable to either find or afford the kind of high value solutions they need to efficiently do their day to day business (premium audit and loss control). ISN (Insurance Service Net) allows the leveraging of many users across a known operational system thus allowing a low initial cost, fast implementation, and high benefit solution into to those companies (both insurance and fee) that need the management, administrative, and operational tools to function in the new highly competitive and ever changing insurance markets and regulatory environment.