FOR IMMEDIATE RELEASE
April 29, 2015
WATERSTREET COMPANY ANNOUNCES STRATEGIC PARTNERSHIP WITH COASTAL AMERICAN INSURANCE COMPANY
WaterStreet Company has formed a partnership with Mississippi-based Coastal American Insurance Company that will bring significant efficiencies to the policy and claims administration process and increase their bottom line.
Coastal American Insurance Company’s goal was to partner with a solution provider that could meet their growing need for increased efficiencies while driving growth. The full service management partnership offered by WaterStreet provides the perfect solution. WaterStreet’s flexible configuration can meet and exceed the requirements demanded by Coastal’s business. The adaptability of the Waterstreet solution will enable Coastal to agilely respond to market opportunities increasing their competitive edge. The depth and breadth of the solution enhances Coastal efficiencies by reducing manual efforts and duplication.
“Within 90 days, we were up and running. The implementation process was well orchestrated and WaterStreet had Coastal American operational with very few issues. We are very happy with the system and with their services team and I know that Coastal American made the right partner choice,” commented Coastal American’s president, Ned Dolese.
WaterStreet’s president and founder, Gregg Barrett, added, “Headquartered in Mississippi, Coastal American is intimately familiar with the distinct qualities of coastal properties and the complex challenges of these risks. WaterStreet is excited to expand our footprint into Mississippi and proud to walk alongside Coastal American in their efforts to serve the specialized needs of this market. “
WaterStreet Company is based in Bigfork, Montana, but serves insurers and reinsurers nationwide. Its mission is to deliver value to small and midsize P&C insurers by supporting their operational and technology needs so they can work more efficiently, manage headcount and cost, and focus on their core objectives.