MSB Adds 1,500 Green Items to Its Industry-Leading Partial Loss Claims Database
By Msb, PRNESunday, May 2, 2010
NEW BERLIN, Wisconsin, May 3, 2010 - MSB, the leading worldwide provider of building cost data and estimating
technology to the property insurance industry and a MacDonald, Dettwiler and
Associates (MDA) company, will add 1,500 new green items to its
industry-leading Total Component Database. This new database item set will
deploy electronically and be available for use in the company's EyeQ and
IntegriClaim claims estimating systems that same day.
"To gain a competitive advantage, many carriers have created insurance
products that respond to the 'greening' of North America. Green building is
on the rise, and carriers are leveraging the growing environmental movement
by creating green endorsement policies. However, estimating green restoration
costs isn't a simple matter of substituting one item for another," said
Jonathan Kost, senior vice president at MSB. "In many cases, choosing a green
item may require the estimator to modify supplies and other construction
materials, factor in recycling costs and include installation rates based on
local labor to minimize travel."
Although this new item set provides carriers with the information their
estimators need to support green endorsements today, green building is a
rapidly evolving entity. To ensure MSB enables its customers to stay ahead of
the changes in green building, it recently added two construction subject
matter experts to its Data Assets team, specifically focused on researching
and identifying needs in this area.
"Every piece of research indicates that the green market will continue
its rapid acceleration throughout the coming years, and MSB is dedicated to
making sure our customers have the tools their adjusters need to accurately
estimate in a greener world," Kost said. "Just as EyeQ enables new adjusters
to do their job as quickly and accurately as seasoned pros, these new items
enable all adjusters to support green policy endorsements without being green
building experts. MSB does the research, provides the data on components and
building methodology, and our EyeQ and IntegriClaim estimating software
solutions provide the interface. Going green becomes a click-and-go process.
What is unique about the implementation of the green database in EyeQ is that
it is built as an assembly, including both the specific components and the
supporting building materials and methods needed to achieve a restoration
project that fulfills on a green restoration policy endorsement. "
MSB plans to release more new green items in updates each quarter. "The
number and type of green items available to the market will be different
three months from now — even three weeks from now," Kost said. "We have two
employees, with a combined 43 years of experience, specifically dedicated to
researching these green trends and updating our database, as well as a
product that makes it easy to use this data for accurate estimating in the
field. MSB is staying ahead of the green industry, so our clients can stay
ahead and gain a competitive advantage. Today, being good to the environment
is good for business. We're helping our clients achieve that balance. In the
end, everybody wins."
About MSB
MSB, also known as Marshall & Swift / Boeckh, is an MDA company and the
leading supplier of local building cost information, residential and
commercial property valuation technology and services for the property and
casualty insurance sector of the United States and Canada. MSB has five
offices throughout the U.S. and Canada.
About MDA
MSB is owned by MDA. MDA provides advanced information solutions that
capture and process vast amounts of data, produce essential information and
improve the decision-making and operational performance of business and
government organizations worldwide.
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of Earth and space based information solutions,
including complex operational systems, tailored information services and
electronic information products.
MDA employs more than 2,700 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX: MDA.
Todd Eyler, Vice President - Marketing of MSB, 1-800-809-0016, ext. 3687, todd.eyler at msbinfo.com
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