InSure Vision Technologies, LLC Announces Alliance with CNA Surety

Sherman Oaks, CA -- October 28, 1999 – InSure Vision Technologies announced today that it has entered into a strategic alliance with CNA Surety to provide SurePath, an independent, single entry, multi-use automated surety bond processing system that operates over the Internet to CNA Surety’s distribution system.  SurePath allows agents and brokers to interact with clients, process their bonds and electronically report account activity directly to the surety.  SurePath, which includes an electronic Bond Form Library, facilitates single entry input that can dramatically reduce the agent’s costs associated with billing, processing and reporting surety business.

“We are very excited about our alliance with CNA Surety.  We believe that its decision to endorse SurePath delivers on CNA Surety’s commitment to bring technology solutions to its distribution partners.  We are confident that agents and brokers will embrace the product’s open architecture as it truly helps solve the transactional inefficiencies of the industry. Our role is to provide the “transparent links” between the client, agent/broker and surety.  As an independent system, SurePath provides portability to clients and brokers that has never before been available in the marketplace.” said Pamela Stocks, President of InSure Vision Technologies.

Under the terms of site license agreements, CNA Surety will provide for SurePath to be installed in a number of selected agent’s and broker’s offices.  CNA Surety will also provide resources to facilitate the marketing, installation and training requirements for the designated licensees.   Importantly, SurePath will ultimately be installed in all 42 branch offices of CNA Surety and integrated with CNA Surety’s internal processing system. This will complete the single entry process.

“Our partnership with InSure Vision Technologies further reinforces CNA Surety’s commitment to bring cutting edge technology to its, agents, customers and their brokers.  The open architecture of the InSure Vision system allows agents and brokers to use the system with multiple surety companies and provides our distribution partners with the ability to better automate their processing, lower their costs, and increase efficiency, ” said Mark Vonnahme, President of CNA Surety. 

CNA Surety Corporation is the largest publicly traded surety company in the country.  Through its principal subsidiaries, Western Surety Company and Universal Surety of America, CNA Surety provides surety and fidelity bonds in all 50 states through a combined network of approximately 37,000 independent agencies.  Learn more about CNA Surety at www.cnasurety.com.

InSure Vision Technologies, headquartered in Sherman Oaks, California, is a Microsoft Certified Solution Provider and has extensive experience in the surety industry and the development of insurance related systems with special expertise in Internet development including the transition from paper-based processes to digitally enhanced processes.  Learn more about IVT at www.insurevision.com.