Florida Municipal Insurance Trust licenses SimpliCity Software For Exclusive Use By Its 354 Members

PRLog (Press Release) - Feb 12, 2010 -
Florida League of Cities, Public Risk Services (“PRS”), the program administrator for the FMIT, has partnered with Synergy ID to license simpliCity℠ software for exclusive use by their 354 Members who insure property assets through the Trust.

FMIT Members often face unique challenges when it comes to properly identifying their property loss exposure, maintaining accurate schedule of values, identifying critical assets and documenting the property claims process.  When not done correctly, the result can be significant financial consequences with uninsured or underinsured losses incurred by the Member.  simpliCity℠ was developed specifically as a single solution to help FMIT Members minimize insurable risk and ensure timely & cost-effective recovery.  Additionally, simpliCity™ provides the FMIT an opportunity to support Member’s desire to improve overall risk management, business continuity planning and gain greater visibility of their property & assets.

“We’re excited to provide FMIT Members with access to simpliCity℠ as a viable tool to support risk management responsibilities,” said Jeannie Garner, Director of Florida League of Cities, Insurance & Financial Services.  “No public entity can afford the additional financial exposure caused by inaccurate property schedules or unnecessary costs as a result of delayed recovery”.

simpliCity℠ is the integration of years of disaster mitigation and loss recovery experience from Synergy ID’s sister company, Synergy Recovery Resources.  Working to safeguard FMIT Members operational components, simpliCity℠ utilizes the latest technologies in order to capture enhanced asset details and improve data transparency between FMIT/Members, Reinsurers, and FEMA.

“In order to realize timely and cost effective recovery, all parties associated with a FMIT Member’s loss must be able to access real-time information and claim documentation.” said Tony Scott, Managing Director of Synergy ID.  “simpliCity℠ is effective because it’s a user-friendly solution that supports FMIT Members’ critical needs through the planning, recovery and rebuilding stages of the disaster management process.”

In an effort to improve the mitigation process and significantly reduce the financial impact a loss can have on Members ability to recover, simpliCity℠ was furthered developed to support the FMIT Turnkey Recovery℠ program. FMIT TurnKey Recovery℠ is offered to Members through simpliCity℠ & the FMIT’s Public Risk Services Group (PRS).  All recovery services are authorized by the PRS as part of a covered FMIT Claim.  Project costs are approved and paid to certified vendors directly by Synergy or the FMIT in order to reduce Member’s out-of-pocket costs. FMIT TurnKey Recovery℠ helps to minimize the financial exposure that property claims can have on Members net cash-flow by eliminating the recovery cost burden and the reimbursement process.
 
“This is one of the best outcome driven resources I have seen to add to your risk management toolbox,” said Bill Mason, CPCU, ARM, City of Sunrise Risk Manager.  “simpliCity℠ and the FMIT TurnKey Recovery℠ program are a much needed resource to help Members minimize their exposure.”

simpliCity℠ officially rolls out to FMIT Members starting February 15, 2010.  Member activation and training will be scheduled utilizing onsite visits, regional symposiums, webinars, and online training tracks.  For more information on simpliCity℠, call 888.852.4485 or www.simplicityfl.com.

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