Seibels Bruce Provides ISO HomeValue To Catawba Insurance
ISO and AIR Worldwide Corporation announce the implementation of ISO HomeValue™ by The Seibels Bruce Group, Inc. ISO HomeValue is a web-based residential replacement cost estimator that can be integrated into virtually any underwriting or policy-quoting system. Seibels Bruce chose Catawba Insurance Company, which writes homeowners policies in South Carolina, for its initial implementation of ISO HomeValue.
"ISO HomeValue has already become a key underwriting application for our Catawba underwriters and independent agents," said Andy Banco, a product manager at Seibels Bruce. "ISO HomeValue was easily integrated with our underwriting system. Since our rollout was a painless process, our staff and independent agents were able to incorporate objective information quickly from ISO HomeValue into their policy submissions."
ISO HomeValue is an all-in-one solution that allows underwriters and independent agents to estimate the replacement value for houses ranging from a two-bedroom bungalow to a 12-bedroom estate. It calculates replacement values using the latest component-based technology that accounts for location, size, age, number of stories, construction materials, and exterior and interior finishes, utilizing current local material and labor costs.
About The Seibels Bruce Group, Inc.
The Seibels Bruce Group, Inc., headquartered in Columbia, South Carolina, is a holding company for two property and casualty insurance companies that offer commercial, nonstandard automobile and homeowners insurance. In addition, Seibels Bruce offers claim administration services to insurance companies and other businesses through INS; and managing general agency services through Seibels, Bruce & Company. Additional information about Seibels Bruce can be found online at http://www.seibels.com.
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.