Read more stories about
Montana Business >>

MATR Sponsor:


MATR Supporters:

Kalispell, Montana's StoneRiver's National Flood Services to Acquire CSC's Flood Insurance BPO Unit

May 15, 2013View for printing

StoneRiver's National Flood Services ("NFS") http://www.NFS.StoneRiver.com subsidiary, a leading provider of outsourced technology solutions and services to insurance carriers and agents, reached a definitive agreement to acquire the flood insurance business process outsourcing ("Flood BPO") unit of CSC. The transaction, which is subject to customary closing conditions, is expected to close in the month of May.

The acquisition combines the industry-leading technology and customer service capabilities of NFS with Flood BPO's deep experience in government contracting and commercial BPO services. The combined company, which will operate as National Flood Services, will have over 700 employees dedicated to serving the outsourcing needs of its commercial insurance and government clients. NFS will assume Flood BPO's insurance processing and management platform.

The combined company will operate in three primary locations: Kalispell, MT, Overland Park, KS and Lakeland, FL.

About National Flood Services

National Flood Services (NFS), the leader in flood insurance processing, is based in Kalispell, Montana with service centers in St. Petersburg, Coral Springs, and Lakeland, Florida. NFS offers its property and casualty insurance company clients full-service solutions for their insurance processing needs; from policy and claims administration to web-based agency solutions and superior customer service and marketing support. Founded in 1985, NFS continuously improves services through new technology, fundamental practices, and innovation. Most recently, National Flood Services released FloodTools.com, an interactive website providing free personalized flood risk analysis for both the general public and organizations who utilize these resources as part of their industry. For more information on National Flood Services, visit http://www.NFS.StoneRiver.com.

About StoneRiver, Inc.

StoneRiver delivers the industry's widest range of technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Hundreds of companies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. Visit http://www.StoneRiver.com for more information.
No reader comments so far. Be the first to comment by clicking the button below.





Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.


E-mail this page to a friend!