The Midland Company's American Modern Insurance Group Receives Another 'Best in Class' Technology Award
March 21 2006 - 5:00PM
PR Newswire (US)
- Web-based modernLINK(R) System Receives Best in Class Award From
Computerworld Magazine CINCINNATI, March 21 /PRNewswire-FirstCall/
-- The Midland Company (NASDAQ:MLAN), a highly focused provider of
specialty insurance products and services, today announced its
wholly-owned subsidiary, American Modern Insurance Group, has
received the Best in Class Award from Computerworld Magazine for
its web-based modernLINK(R) information technology system. American
Modern's modernLINK(R) system is a suite of applications designed
to allow agents to perform a host of services, including policy
quoting, issuance, inquiry and payment application. The award was
announced recently at the Computerworld IT Leaders' Conference,
which recognizes great ideas, strategic use of best practices and
real-world leadership from the information technology and business
executives who are advancing their organizations through
technology. John W. Hayden, Midland's president and chief executive
officer said, "We are delighted to, once again, receive recognition
for our advances in information technology. The Best in Class Award
from Computerworld, along with the A.M. Best E-Fusion Award, which
modernLINK(R) received in 2004, demonstrates our success in
developing easy-to-use software that provides us a competitive
advantage in the marketplace. Delivering 'ease-of-use' to our
business partners is one of our strategic imperatives and we
believe that our success in the technology arena to date
demonstrates our value as an indispensable partner and leaves us
well positioned for growth in the years to come." Hayden added, "We
congratulate our entire information technology group and all of our
associates and business partners who have been involved in the
development of modernLINK(R). The success we have achieved is truly
the result of bright minds, coupled with a strong work ethic and
extensive collaboration." About the Company Midland, which is
headquartered in Cincinnati, Ohio, is a provider of specialty
insurance products and services through its wholly owned
subsidiary, American Modern Insurance Group, which accounts for
approximately 95 percent of Midland's consolidated revenue.
American Modern specializes in writing physical damage insurance
and related coverages on manufactured housing and has expanded to
other specialty insurance products including coverage for
site-built homes, motorcycles, watercraft, snowmobiles,
recreational vehicles, physical damage on long-haul trucks,
extended service contracts, excess and surplus lines coverages,
credit life and related products as well as collateral protection
and mortgage fire products sold to financial institutions and their
customers. Midland also owns a niche transportation business, M/G
Transport Group, which operates a fleet of dry cargo barges for the
movement of dry bulk commodities on the inland waterways. Midland's
common stock is traded on the Nasdaq National Market under the
symbol MLAN. Additional information on the company can be found on
the Internet at http://www.midlandcompany.com/. DATASOURCE: The
Midland Company CONTACT: John I. Von Lehman, Executive Vice
President and CFO of The Midland Company, +1-513-943-7100 Web site:
http://www.midlandcompany.com/
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