PRESS
Bluebook International Announces License Agreement with Homesite
Insurance Group
Wednesday March 16, 11:50 am ET
LAKE FOREST, Calif.--(BUSINESS WIRE)--March 16, 2005--The Bluebook
International Holding Co. (OTCBB:BBKH - News), a leading data,
software and services provider to the property and casualty insurance
industry, announced today that it has entered into a license
agreement with Homesite Insurance Group, a rapidly expanding
nationwide provider of home insurance.
Under the terms of the 2-year agreement, Homesite will license
Bluebook's InsureBASE application and unparalleled proprietary
data to assist with the analysis of its homeowners' insurance policies.
Homesite will access InsureBASE through Bluebook's exclusive Internet
Web site via secure Web services. InsureBASE is built on the Microsoft
.Net platform that readily integrates with Bluebook's clients'
proprietary systems.
Homesite Insurance Group was formed in 1997 and focuses exclusively
on the homeowners market. Homesite has concentrated on addressing
problems long associated with the U.S. homeowners' insurance business:
inadequate insurance-to-value, limited portfolio catastrophe management,
and minimal technological innovation. Homesite continues to bring
sophisticated underwriting and rating program, cutting-edge technology,
innovative marketing and distribution strategies, and expertise
in catastrophe management to the home insurance business. As a
result, Homesite can provide consumers across the country with
quality insurance products and outstanding customer service.
Bluebook International's CEO, Mark A. Josipovich, stated: "We
are excited about our alliance with Homesite. Homesite is an excellent
fit for Bluebook. Their licensing InsureBASE provides a win-win-win
situation for Bluebook, Homesite and the homeowner. We are proud
they have selected Bluebook's InsureBASE product to assist Homesite
in the expansion of their business." InsureBASE is an automated
residential property information solution that helps insurers mitigate
the risks associated with determining and maintaining accurate
replacement cost values for residential properties. InsureBASE
can process an entire insurance portfolio, consisting of thousands
of properties at one time.
About The Bluebook International Holding Co.
The Bluebook International Holding Co. (OTCBB:BBKH - News) is
a leading data, software and services provider to the property
and casualty insurance industry. The Bluebook's products serve
the underwriting and claims process with highly scalable and accessible
data solutions built on Bluebook's industry-utilized standards,
pricing and best practices. Bluebook's International property repair
and replacement cost data combined with its 40 years of standards,
are mitigating risk, providing significant enhancements in workflow
and reducing costs.
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Contact:
Bluebook International Holdings
Mark Josipovich, 949-470-9534
markj@bluebook.net
