ProcessClaims Signs Agreement With Financial Indemnity Co. -FIC-

    IRVINE, Calif.--Jan. 30, 2001--ProcessClaims, the first Web-based claims solutions provider to translate live data via the Internet, Tuesday announced an agreement with Financial Indemnity Co. (FIC), a provider of specialty property and casualty insurance products.
    The contract to electronically process material damage claims between FIC's claims department, field staff and independent appraisers, and collision repair facilities, solidifies a long-standing pilot relationship between ProcessClaims and FIC.
    "We're very excited about the partnership. Through our initial pilot program, ProcessClaims clearly demonstrated the ability to deliver solutions backed with a team of professionals committed to the success of our program," stated Mike McKinzie, FIC vice president, claims.
    "We look forward to a long-term relationship, as ProcessClaims will tremendously enhance the way that we conduct business today and in the future."
    "ProcessClaims' ability to streamline our process goes beyond their ability to translate estimate information. We're also moving forward with their Web-based total loss solution via Vehicle Valuation Services (VVS), essentially making our process paperless and facilitating 100 percent of the material damage process," stated Steve Swigert, FIC material damage manager.
    "The agreement with FIC is truly exciting for us, as they were our first insurance customer to pilot and prove our ability to integrate the total loss valuation process," exclaimed John Wieland, vice president of national accounts. "They realized the instant benefits of the partnership, which provides process simplification and cost savings for their claims handling needs."
    Financial Indemnity Co. is owned by The Unitrin Property and Casualty Insurance Group, one of the 60 largest property and casualty insurance groups in the United States. The company currently has more than $6 billion in assets, more than 6 million insurance policies in force and more than 100,000 consumer finance customers. Unitrin's companies employ more than 7,400 associates.
    ProcessClaims is the Internet-based bridge linking the insurance and collision repair industries and their trading partners. By harnessing the power of the Internet and applying the company's unique data translation technology and industry expertise, ProcessClaims provides the auto claims industry with the freedom to do business more efficiently and cost effectively.
    For more information on ProcessClaims, contact Julie Schoen at 949/221-0111 or via e-mail at Julie.schoen@processclaims.com.