JOINING THE LIST OF INSURERS LEVERAGING THE INDUSTRY-LEADING WORKERS COMPENSATION LOSS CONTROL SOLUTION

(November 29, 2012 - Toronto) Risk Control Technologies Inc., the industry-leading provider of loss control software solutions for insurers, today announced that The Berkshire Hathaway Homestate Companies has selected the RC Inspection software solution to streamline its workers compensation account management, safety and loss control operations. The Berkshire Hathaway Homestate Companies (BHHC) are a group of six regional insurance carriers that are part of the Berkshire Hathaway Insurance Group. BHHC offers workers compensation, commercial auto, commercial property and public entity insurance products for main street businesses and difficult to place risks.

Based on employee feedback, BHHC was seeking a technology solution to streamline data collection in the field using tablet devices, as well as automate manual processes surrounding the loss control assessment, survey and service functions. Some of the key areas included workers compensation account management, survey assignment, route planning, report preparation, recommendation management and loss control data mining.

“We identified a need to enhance the consistency of our loss control processes, while at the same time increasing efficiencies by automating our employees’ manual processes,” said Mark Barba, Senior Vice President of Underwriting for BHHC, he added “the Risk Control Technologies team not only presented us with a proven solution to help achieve our goals, they also bring a lot of industry expertise to the table.”

As part of the rollout of RC Inspection, BHHC plans to outfit its field loss control representatives with tablets, which will be loaded with the RC Inspection field application for field data collection. This will allow the field reps to collect risk data, photos and recommendations in the field, even in locations without mobile broadband connections. Once data is collected in the field, it is then uploaded into a central database which allows underwriters to utilize the information in making underwriting decisions. This central data repository also offers data mining and reporting capabilities which have traditionally been unavailable in the paper-based loss control environment in which most insurers operate.

“We are pleased to welcome BHHC as a Risk Control Technologies client” said David Hanley of Risk Control Technologies, “loss control plays a major role in their business and we look forward to working with their team in streamlining loss control initiatives.”

About Risk Control Technologies Inc.

Risk Control Technologies Inc. uses leading-edge technology to simplify what are traditionally horribly onerous, paper-based processes in the insurance industry. Today, the loss control system developed by Risk Control Technologies is used by leading insurers throughout North America. For more information visit www.riskcontroltech.com. 

About The Berkshire Hathaway Homestate Companies

Headquartered in Omaha, Nebraska, BHHC has evolved from a mid-western regional carrier to a multi-state insurance group writing a diverse book of policies from coast to coast.

The Berkshire Hathaway Homestate Companies comprise the following six insurance companies:

• Berkshire Hathaway Homestate Insurance Company
• Brookwood Insurance Company
• Continental Divide Insurance Company
• Cypress Insurance Company
• Oak River Insurance Company
• Redwood Fire and Casualty Insurance Company