Quincy Mutual Selects ISO HomeValue as its New Residential Replacement Cost Estimator

 — November 7, 2005 — 

ISO and AIR Worldwide Corporation announce the addition of Quincy Mutual Fire Insurance Company to the growing list of companies turning to ISO HomeValue™ to strengthen their underwriting processes. ISO HomeValue is a web-based residential property replacement cost estimator that helps insurers write homeowners policies that reflect full replacement value.

Quincy Mutual signed a multi-year contract for ISO HomeValue with the primary goal of improving insurance to value for its entire portfolio of homeowners policies by providing its almost 500 independent agents with the most advanced replacement valuation technology available.

"ISO HomeValue is the ideal application to meet our policy quoting and underwriting needs," said Kevin Meskell, executive vice president at Quincy Mutual. "ISO HomeValue will provide our underwriters and agents with objective information that can help improve the quality of replacement cost estimates and further enhance our underwriting performance."

About Quincy Mutual

Quincy Mutual Fire Insurance Company was established in 1851 and is a leading writer of homeowners insurance in the northeast with 200,000 policyholders. Together with its subsidiary company in Maine, Patrons Oxford, the Quincy Mutual Group enjoys a long history of providing homeowners, auto and business insurance through its independent agents. Quincy is among a small group of carriers who have been rated A+ by A.M. Best for more than 50 consecutive years.

About ISO HomeValue

ISO HomeValue is an award-winning residential replacement valuation system that enables insurers and their agents to make reliable estimates of the replacement cost of residential properties in the event of a total loss. ISO HomeValue can improve insurers' underwriting profitability by helping to ensure policies are written to reflect full replacement value. ISO HomeValue can be integrated with virtually any underwriting or policy management system, as well as with a wealth of data sources from ISO. When integrated with AIR Worldwide's catastrophe models, ISO HomeValue enables insurers to assess the catastrophe risk of individual properties at the point of underwriting. Recognized with an A.M. Best E-Fusion Award for underwriting management, ISO HomeValue was developed by AIR Worldwide Corporation, a subsidiary of ISO. For more information, please visit www.isohomevalue.com.