Blue Cod Technologies Announces Managed Coastal Homeowners Solution for the Florida Insurance Market

Blue Cod Technologies, Inc., the leading Managed Insurance Services Provider for the property and casualty (P&C) industry, today announced the availability of the Blue Cod Coastal Homeowner Solution compliant with the Florida Office of Insurance Regulators (OIR) and the Florida Department of Financial Services (DFS).

The Blue Cod Coastal Homeowners Solution provides a cost- and time-effective alternative by enabling carriers to delegate back office operations to Blue Cod’s team of experienced insurance professionals. This allows client carriers to remain focused on strategic business initiatives with the confidence that their coastal homeowners processing function is precise, compliant, on-time and well-managed. Blue Cod is equipped today to support: a fully managed coastal homeowner engagement; the assumption process for a takeout company; and the operating procedures for Florida startups.

“Blue Cod enables carriers to tap into a level of expertise and operational resources that would be both difficult and costly to build in-house,” said Simon de Montfort Walker, executive vice president, operations, Blue Cod Technologies, Inc. “Through Blue Cod’s specialized expertise in the highly-regulated and complex coastal homeowners market we can provide exceptional services on behalf of our clients to their customers.”

Blue Cod recently announced that the company’s high-quality customer service enabled a client carrier to secure a positive ranking in the Florida Office of Insurance Regulation 2011 Annual Report, published in February 2012. As part of the state mandated annual report, the Office of Insurance Regulation (OIR) publishes service ratings for carriers writing homeowners insurance in Florida. The 2011 report evaluated 169 carriers that wrote insurance in 2010 and the service ratings are based on 2009 consumer complaint statistics against each company. Blue Cod’s client ranked in the top 15 carriers boasting the lowest complaint share.

Join the Discussion – Blue Cod’s LinkedIn Forum, “Florida Takeout Companies”

Successful takeout companies are the key to resolving the Florida insurance problem. However, ongoing legislation, changing laws and stringent as well as time-consuming regulations pose significant obstacles to the success of the takeout company. Blue Cod has created a LinkedIn forum titled, “Takeout Companies” devoted to the discussion of the challenges related to the takeout process. It is also a channel for carriers, regulators, financiers and solution providers to share tips, guidance and advice on the takeout process as well as managing homeowners coverage in Florida. Click here to become a member of Blue Cod’s LinkedIn forum, and share your thoughts, comments, questions and/or advice on the depopulation of Citizens.

About Blue Cod Technologies, Inc.

Blue Cod, the leading provider of managed insurance services for the property and casualty (P&C) industry, addresses the support and technology needs of carriers in the Earthquake, Homeowners, Auto, Farmowners and Commercial Package markets. Blue Cod’s team of experienced insurance, technology and implementation specialists deliver high-end insurance services at a lower operational and capital expense than can be achieved through an organization’s internal staff. Blue Cod offers customers the ability to create customized solutions or take advantage of specialized programs such as CEA Process, Coastal Homeowners, FAIR Plan Process and Assigned Risk Auto.