| Business Summary | | Insurance
Management
Solutions
Group,
Inc.,
through
its
wholly
owned
subsidiaries,
Insurance
Management
Solutions,
Inc.,
Geotrac
of
America,
Inc.
and
Colonial
Claims
Corporation,
provides
comprehensive
policy
and
claims
outsourcing
services
to
the
property
and
casualty
(P&C)
insurance
industry,
with
an
emphasis
on
providing
these
services
to
the
flood
insurance
market.
It
also
provides
flood
zone
determinations
to
financial
institutions,
mortgage
lenders
and
insurance
companies.
The
Company's
outsourcing
services
include
policy
administration,
claims
administration
and
information
technology
services.
For
a
fixed
fee,
Insurance
Management
will
provide
a
customer
with
a
determination
as
to
whether
a
specified
property
is
located
within
a
federally
designated
flood
zone
classification. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Insurance
Management
Solutions
Group
provides
policy
and
claims
outsourcing
services
to
the
property
and
casualty
insurance
industry,
and
provides
flood
zone
determinations
to
financial
institutions,
mortgage
lenders
and
insurance
companies.
For
the
six
months
ended
6/30/01,
total
revenues
rose
19%
to
$36.5
million.
Net
income
totaled
$3.6
million
vs.
a
loss
of
$197
thousand.
Results
reflect
an
increased
number
of
flood
zone
determinations
processed
and
higher
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Meehan, 54 Chairman | $79K | David Howard, 39 Pres,
CEO, Director | 238K | Christopher Breakiron, 34 CFO,
Treasurer, Sec., VP | 155K | Daniel White, 51 Pres
and CEO of Geotrac, Director | 154K | Robert Gantley, 46 COO,
Sr. VP | 155K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|