Straight Deductible Clause Definition
This indicates the dollar amount or percentage a policy will pay for any loss that insurance is not paying. An Auto policy contains a straight deductible of $1,000 for Collision. The insured if an accident has damage to his or her car will have to pay the first $1,000 before the insurance kicks in.
Acordia Selects Applied Systems
Vision Series for Enterprise Deployment
madison auto insurance Acordia, Inc., became the largest insurance brokerage to date to adopt The Agency Manager® Vision Series™, the premier enterprise agency management solution from Storefront Owner Applied Systems, Inc. http://www.programbusiness.com/tracking/sftracker.asp?Sfid=140.
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Acordia chose The Vision Series with resounding endorsement from its parent, Wells Fargo & Company. Based in Chicago, IL, Acordia is the fifth largest U.S. insurance brokerage and the nation’s largest bank-owned insurance brokerage.
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Acordia’s commitment underscores Applied Systems’ success in developing Vision into a cutting-edge solution suited to large brokerages. “Acordia chose Applied Systems because of the company’s proven experience in the insurance brokerage community,” said Kristin Stanziale, Chief Information Officer, Acordia, Inc. “Vision is a superior product for our large brokerage, and Applied’s experience and organizational strength will ensure a successful enterprise agency management implementation for Acordia.”
“The decision to adopt an enterprise system will enable the organization to integrate with Wells Fargo client-focused applications, implement standardized business processes, and implement a single financial management and reporting process,” said Kevin W. Conboy, President & CEO of Acordia, Inc.
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“We are proud of the hard work that results in this exciting partnership for Acordia and Applied Systems,” said Wayne Pardue, Chief Sales and Marketing Officer for Applied Systems. “We are confident that The Vision Series will be an excellent fit for Acordia’s sophisticated needs. What’s more, we’ve created another strong partner link in Microsoft’s Insurance Value Chain.”
Private Client Insurance Silicon Valley “Our relationship with Applied continues to be strong,” said Dennis Maroney, managing director, Insurance Industry, at Microsoft. “Applied’s developers have demonstrated an excellent understanding of Microsoft .NET, and the utilization of Web services throughout the Vision application positions it to become a powerful agency management system for the large agency and broker marketplace.” Applied Systems is the leading provider of automation solutions for the property and casualty insurance industry. Since 1983, the company has developed software for independent insurance agents, brokers, managing general agents, and insurance companies, as well as banks and other financial institutions with insurance operations. Applied has helped more than 10,000 insurance organizations achieve new levels of success using its leading management systems: The Agency Manager®, The Agency Manager® Vision Series™, and The Diamond System™.
Developments in electronic data interchange also contribute to Applied’s position as the industry’s technology frontrunner. Incorporating consulting services and third-party integration, Applied Systems automates insurance transactions at every distribution level from customer to carrier. For information, visit the Applied storefront at http://www.programbusiness.com/tracking/sftracker.asp?Sfid=140. Acordia and Wells Fargo
Acordia, Inc., is the world’s sixth largest insurance brokerage and the largest bank-owned insurance brokerage in the United States, with more than 150 offices in 38 states. Its 4,500 insurance professionals place in excess of $6.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines, and life products.
Acordia is a subsidiary of Wells Fargo & Company, a diversified financial services company with $420 billion in assets, providing banking, insurance, investments, mortgage, and consumer finance<