DriveCam Teams with McNeil and Company to Mitigate Risk of Driving for Ambulance Fleets
SAN DIEGO--Dec. 1, 20053, 2005--DriveCam, Inc., a provider of systems that mitigate risk by improving driving behavior, today announced that it has teamed with McNeil and Company, a provider of insurance programs and risk management services, to offer discounts to McNeil's Ambulance Services Insurance Program (ASIP) clients who use DriveCam. Under the agreement, effective December 1, 2005, ASIP will offer up to a five percent premium discount annually per DriveCam-equipped vehicle. In addition, DriveCam will offer a five percent volume discount toward the cost of each DriveCam system.DriveCam offers a complete system for identifying, managing and improving unsafe driving behavior. The system records video and audio of risky driving, which is used to provide feedback to drivers and improve their driving habits. By improving driving behavior, the system reduces the frequency and severity of ambulance crashes, which reduces vehicle maintenance expense and down time. The DriveCam system also provides an objective video to accurately resolve claims.
"We have been working with DriveCam for several years and have seen the positive results of this program in reducing collisions and lowering liability for ambulance fleets," said Bill Tricarico, director of loss control services for McNeil and Company. "We are extremely excited about this wonderful opportunity for our clients to develop safer driving techniques while saving money."
"DriveCam is partnering with innovative insurers like McNeil and Company to reduce the risk of driving for commercial fleets," said Alan Mann, DriveCam vice president of sales. "This is a great way for emergency services to reduce their costs while improving the safety of their drivers and passengers."
In order to receive the discounts, the ASIP client must have an installation certification from DriveCam with annual re-certification to ensure the system is being used to maximize its effectiveness. DriveCam has developed a specific certification program specifically for McNeil and Company's ASIP clients.
About DriveCam, Inc.
DriveCam mitigates risk by improving driver behavior and assessing liability in collisions. Combining in-vehicle video, playback software, expert review and driver coaching, DriveCam's approach has reduced vehicle damages, workers compensation and personal injury costs by 30% to 90% in more than 30,000 commercial and government fleet vehicles. Inc. Magazine ranked DriveCam 67th of the 500 fastest growing, privately held companies in the country. For more information, see www.drivecam.com.
About McNeil and Company
McNeil and Company provides specialized hands-on claims, risk management, underwriting and product design expertise. An integrated, cross-departmental approach enables marketers, underwriters, risk management staff and claims operations to be properly harnessed together, with information flowing freely between departments. For more information, see www.mcneilandcompany.com.