News By Tag
* Business Continuity
* More Tags...
News By Location
Florida Municipal Insurance Trust licenses SimpliCity Software For Exclusive Use By Its 354 Members
In an effort to significantly reduce the financial impact a loss can have on FMIT Members ability to recover, SimpliCity was developed as a single solution to help minimize insurable risk and ensure timely & cost effective recovery.
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℠
“We’re excited to provide FMIT Members with access to simpliCity℠ as a viable tool to support risk management responsibilities,”
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.”
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℠
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.
# # #
About Synergy ID: Synergy ID specializes in business process management and the application of appropriate technologies to meet business needs and goals. Synergy ID utilizes the latest AutoID technologies in its solutions, including: barcode, RFID, biometric, GPS and other technologies. In addition to simpliCity℠ municipal asset management software, Synergy ID has developed solutions for tracking recovery events for utilities and oil & gas companies (TrackDown℠) and visitor management solutions in the amusement & entertainment industry (VisiTrac℠). For more information, call 888.852.4485 or visit www.synergyid.com
About FMIT: FMIT’s mission is to meet and serve the needs of Florida's municipal governments, County Governments, School Boards, Special Districts and Authorities. FMIT currently provides Liability, Health, Property and Worker’s Compensation coverage to over 600 members throughout the State of Florida. For more information, visit www.floridaleagueofcities.com