The State Auto Insurance Group (State Auto) (Nasdaq:STFC) and its software development subsidiary, Strategic Insurance Software, Inc., (SIS), of Gahanna, Ohio, both won prestigious awards at the ACORD LOMA Insurance Systems Forum held in Las Vegas earlier this month.
State Auto received the AL3/XML Data Transformation and Business Integration Enabler awards. SIS won three awards: Early Adopter – Forms; AL3/XML Data Transformation and the Outsourcer Award. State Auto and SIS associates accepted the awards on behalf of their respective companies.
ACORD (Association for Cooperative Operations Research and Development) recognizes industry technology leaders through the ACORD LOMA awards. Many independent insurance agencies doing business with State Auto are able to send new business applications and policy changes electronically to the company, reducing redundant systems entry work and human error.
“We’ve achieved great efficiency over the years by leveraging the ACORD standards throughout our State Auto applications and SIS products,” said State Auto Director of Information Technology Doug Allen. “These awards help validate our information technology, and ensure it will continue to be of great benefit to agents and company associates.”
State Auto Financial Corporation, headquartered in Columbus, Ohio, is a property and casualty insurance holding company. The company markets its personal and commercial insurance products through more than 22,000 independent insurance agents associated with nearly 3,100 agencies in 27 states. The company has been named Forbes Magazine’s “Best Managed Insurance Company in America” for 2006 and is one of only 314 publicly traded companies to earn the Mergent Dividend Achiever Award for having increased its dividends for ten or more years in succession. The State Auto Insurance Companies are rated A+ (Superior) by the A.M. Best Company. Additional information on the company can be found on its Web page at www.STFC.com.