Wednesday, May 22 2013 9:56 PM EDT2013-05-23 01:56:44 GMT
Nearly two years ago, Deborah Drewniak's family wasn't sure if she would be around after being severely injured in a texting and driving accident. Instead of focusing on herself, Drewniak wants to helpMore >>
A Vermont woman seriously injured by a teen, who was texting and driving, is trying to share her story with as many people as she can.More >>
Wednesday, May 22 2013 9:50 PM EDT2013-05-23 01:50:08 GMT
Magic Hat has filed a lawsuit against West Sixth Brewing because of its labeling. The Vermont based company says its copyrighted #9 label looks a lot like the Kentucky based company's products. MagicMore >>
Magic Hat has filed a lawsuit against West Sixth Brewing because of its labeling.More >>
Wednesday, May 22 2013 9:47 PM EDT2013-05-23 01:47:21 GMT
Between the deep blue seas off the horn of Africa and the Hollywood hills where film makers will tell his story, is Underhill Vermont,where Richard Phillips can be home and can be mostly private. Humble,More >>
Between the deep blue seas off the horn of Africa and the Hollywood hills where film makers will tell his story, is Underhill Vermont,where Richard Phillips can be home and can be mostly private.More >>
Wednesday, May 22 2013 7:29 PM EDT2013-05-22 23:29:35 GMT
We're celebrating a very special birthday tonight - the American Cancer Society is turning 100! As you may know, FOX44/ABC22 has teamed up with the organization because one of our own recently had a cancerMore >>
We're celebrating a very special birthday tonight - the American Cancer Society is turning 100!As you may know, FOX44/ABC22 has teamed up with the organization because one of our own recently had a cancer diagnosis. She's fortunately one of the ones who caught it early, and is doing well. More >>
Wednesday, May 22 2013 5:43 PM EDT2013-05-22 21:43:07 GMT
As boaters take to the water, biologists with the Vermont Fish and Wildlife Department want to remind people to use the spread prevention method. The recommended method will help reduce the spread ofMore >>
As boaters take to the water, biologists with the Vermont Fish and Wildlife Department want to remind people to use the spread prevention method.More >>
Wednesday, May 22 2013 3:34 PM EDT2013-05-22 19:34:21 GMT
The American Cancer Society is celebrating its 100th birthday. A press release says of the estimated 4,060 people diagnosed with cancer this year in Vermont, about 1 in 4 will be served with American CancerMore >>
The American Cancer Society is celebrating its 100th birthday.More >>
Wednesday, May 22 2013 3:02 PM EDT2013-05-22 19:02:05 GMT
The traffic lights at Dorset Street and Williston Road are malfunctioning. Police say the South Burlington Highway Department is working on fixing the problem. It may take crews a few more hours to fix.More >>
The traffic lights at Dorset Street and Williston Road are malfunctioning.More >>
Wednesday, May 22 2013 2:37 PM EDT2013-05-22 18:37:07 GMT
Here are some thunderstorm safety tips from the FOX44 & ABC22 SkyTracker weather team. A Severe Thunderstorm Watch means that conditions are favorable for storm development. As a result, you should remainMore >>
Here are some thunderstorm safety tips from the FOX44 & ABC22 SkyTracker weather team.More >>
Wednesday, May 22 2013 1:47 PM EDT2013-05-22 17:47:05 GMT
A boiling water advisory has been issued for some Montreal residents Wednesday. According to CBC, the boil water advisory, affecting more than 1 million Montrealers, covers all areas south of the MetropolitanMore >>
A boiling water advisory has been issued for some Montreal residents Wednesday.More >>
Wednesday, May 22 2013 11:51 AM EDT2013-05-22 15:51:34 GMT
The body of a Vermont man was found floating offshore of Lower Matecumbe Key, Florida Sunday. Florida police say the body was identified Monday as 55-year-old Mark Parent, of Enosburg, Vt. Someone calledMore >>
The body of a Vermont man was found floating offshore of Lower Matecumbe Key, Florida Sunday. More >>
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SOURCE Sapiens International Corporation
JERSEY CITY, New Jersey, February 25, 2013 /PRNewswire/ --
CFG, a leading provider of Preneed and Final Expense products, originally licensed ALIS in 2008. At that time, the company's business was distributed across a variety of disparate policy administration systems. With the goal of consolidating the business to a common platform, CFG chose to deploy ALIS. After a series of successful conversions, CFG is now processing over 340,000 policies, including Preneed, Final Expense, Single Premium Whole Life, Universal Life, Fixed Annuities, and Mortgage Term Insurance products. Additional conversations from the remaining systems are currently in progress.
Commenting on the success to date of CFG's modernization project, Stuart Smith, CFG's IT Senior Vice President, said, "ALIS has proven to be the industrial strength enterprise level policy administration platform we had been searching for. We have been able to internalize the ALIS conversion tools, helping us to be more self-sufficient and able to conduct the remaining conversions with less reliance on the Sapiens team. Self-sufficiency was a key objective of our project and an important component of our original ALIS evaluation criteria and selection decision."
"We are pleased to provide CFG our ALIS solution in the North America Market," said Ron Karam, President Sapiens' North American Insurance Division. "As our first customer in the North America market, we appreciate CFG's welcoming our modern and functionally-rich technology platform that enable CFG to self-maintain and to serve as the hub for system consolidation. We take great pride in having CFG as a partner and in their success in realizing the ALIS value proposition."
About Columbian Financial Group
The Columbian Financial Group of companies, which includes Columbian Mutual Life Insurance Company, Columbian Life Insurance Company, National Safety Life Insurance Company and other affiliated companies within the corporate family, is based in Binghamton, New York. Columbian Mutual, the parent company in the group, this year celebrated its 126th year of providing quality protection to its policyholders. Columbian maintains a solid financial and investment posture and offers consumer-oriented products designed for family and business life insurance needs. For more information please visit the Columbian Financial Group website at http://www.cfglife.com.
ALIS is an enterprise level policy administration platform serving the Life, Health, Annuity, Worksite and Retirement Services. The system is in production at over 25 clients world-wide. In the US, Sapiens has seven licensed customers and two others who are in the Proof-of-Concept phase.
About Sapiens International
Sapiens International Corporation (NASDAQ and TASE: SPNS), is a global provider of innovative software solutions for the financial services industry, with a focus on insurance. We offer core, end-to-end solutions for the general insurance, property & casualty, life, pension and annuities markets, globally. We have a track record of over 30 years in delivering superior software solutions to more than 100 financial services organizations. Our team operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information please visit Sapiens website at http://www.sapiens.com.
Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies, specific system configurations and software needs of individual customers and other risk factors detailed in the Company's SEC filings.
Contact: James Carbonara, Regional Vice President