Barry Tagen, Pilgrim's VP of
Underwriting, said "we are pleased
Pilgrim was chosen as a Servicing
Carrier for this Program. To learn more about CAR please visit
their web site www.commauto.
wholesale associations
FNF is the nation's largest title
insurance company, with nearly
32 percent national market share, and is also a
provider of other specialty insurance products, including
flood insurance,
homeowners insurance and home warranty insurance.com
CAR is the industry
operated residual market and statistical agent for
motor vehicle insurance in the Commonwealth of
Massachusetts.
associations consumer
Fidelity is the largest Write Your Own carrier in the country serving
the
independent agency force. More information
about the FNF family of companies can be found
at http://www."
In preparation for a January 2006 implementation, CAR solicited a Request
for
Proposal (RFP) from all carriers interested in servicing the commercial
residual market business
.pilgrimins.financial associations
About Fidelity National Financial
Fidelity National Financial, Inc.compensation consumer
(NYSE:
FNF), a Fortune 500 provider of products and outsourced
services and solutions to financial institutions
and the real estate industry,
and its Fidelity National Property and Casualty Insurance Division
("Fidelity") announced that Fidelity was awarded the National Flood Insurance
Program's (NFIP
) Administrator's Club Award in recognition of its contribution
to new policy growth of the NFIP during
Fiscal Year 2004. Fidelity currently offers flood insurance in all 50
states, the District of Columbia
and Puerto Rico. residential mortgages,
it has processing and technology relationships with 45 of
the top 50 U.com and
http://www.Provides access to property and casualty insurance topics.
specific agents
Pilgrim
, based upon their
proven track record managing the residual market, will provide
performance-driven
management inclusive of claims, underwriting and
customer service. Pilgrim was chosen as
a result
of a highly effective RFP process and achieved one of the highest
scores based upon overall quality
of services and cost effectiveness.topics agents
We have extensive experience handling both
voluntary and residual
market commercial automobile business for multiple
clients.specific casualty
FIS' software processes nearly 50
percent of all U. Pilgrim is one of six
carriers appointed to manage the approximate two hundred
million dollars of
ceded commercial automobile insurance business.consumer topics
financial institutions, and
it
has clients in more than 50 countries who rely on its processing and
outsourcing products and services
.left topics
will associations
S. These
forward-looking statements are subject to known and unknown risks,
uncertainties and
other factors that may cause actual results, performance or
achievements of the Company to be different
from those expressed or implied
above.distribution topics
S. The risks and uncertainties which forward-looking
statements
are subject to include, but are not limited to, the effect of
governmental regulations, the economy
, competition and other risks detailed
from time to time in the "Management's Discussion and Analysis
" section of the
Company's Form 10-K and other reports and filings with the Securities and
Exchange
Commission. We are poised to provide quality service to the Program, focusing
on containing claim
and service costs as well as depopulation of the
residual market. In its
residual market role
, CAR provides access to private passenger and
commercial motor vehicle liability and physical damage
insurance to that
segment of the State's motoring public that is unable to obtain automobile
coverage
through the voluntary market.left will
JACKSONVILLE, Fla., Fidelity National
Financial, Inc.
banks
and more than 2,800 small and mid-sized U. FIS also provides customized business
process outsourcing
related to aspects of the origination and management of
mortgage loans to national lenders and servicers
. FIS offers information
services, including property data and real estate-related services that
are
used by lenders, mortgage investors and real estate professionals to complete
residential
real estate transactions throughout the U.specific insurance
fidelityinfoservices.com. Some information will be left out
of this view, as when a carrier offers both property/casualty and life/health insurance types.
workers left
Fidelity
National Property and Casualty Insurance Company Recognized for Excellence in Flood Insurance by the
National Flood Insurance Program for the Second C
S. Mike said, "we are looking forward to a
great
working relationship with all chosen carriers.
topics will
In addition to offering flood insurance, through
its three primary
carriers, Fidelity National Insurance Company, Fidelity National Property and
Casualty
Insurance Company and Fidelity National Indemnity Insurance Company,
Fidelity also offers independent
agents a broad array of personal line
products including homeowners, renters, condominium, automobile
, dwelling
fire, boat and umbrella in many states., number 261 on the Fortune 500, is a
provider
of products and outsourced services and solutions to financial
institutions and the real estate industry
. ("FIS"), the Company
is a leading provider of technology solutions, processing services and
information
services to the financial services and real estate industries. The Company expressly disclaims any
duty to update or revise forward-
looking statements. As a chosen carrier, Pilgrim will manage
approximately
thirty million dollars of the residual market focused on
servicing both CAR and the individual agents
.will distribution
Pilgrim Insurance, a leader in business process
outsourcing, was chosen to service the Commonwealth
Automobile Reinsurers
(CAR) Commercial Limited Servicing Carrier Program.consumer workers
fnf.com .
Mike
Trovato, EVP and Treasurer of CAR,
explained the RFP process as an extensive evaluation of each carrier
's
ability to manage this business. Founded
in 1987, Pilgrim was the first company in Massachusetts
to provide
third-party management and operational services to property and casualty
insurers and
financial institutions. For additional information about
Pilgrim, please visit our web site at www
.will carriers
Pilgrim, with a dedicated staff and an experienced management group, has
eighteen years of
experience managing residual market business including
CAR's Taxi and Limousine Program.distribution financial
compensation insurance
title view
Through
a recent
acquisition, Fidelity has become the only Write Your Own Flood carrier that
serves the
independent insurance agents with its own processing without the
use of an outside vendor.S.
This press release contains statements related to future events and
expectations and, as such
, constitutes forward-looking statements.left workers
Through its majority-owned
subsidiary Fidelity National
Information Services, Inc.distribution compensation
In addition, Fidelity was awarded the Administrator's Quill Award
in
recognition of its highest percentage of overall growth in policy count among
the largest Write
Your Own companies.only workers
PRESS RELEASE Pilgrim Insurance Chosen for Commercial Auto Servicing
"
Pilgrim
of Boston, MA provides complete business process outsourcing (BPO)
services for private passenger
and commercial automobile business.casualty workers
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