CSC Extends Legal Solutions Suite License with Great American Insurance
News Release -- January 13, 2011
Diversified Insurance Carrier Uses Software to Manage Legal Costs
FALLS CHURCH, Va., Jan. 13 – CSC (NYSE: CSC) today announced that Great American Insurance Company, a subsidiary of American Financial Group, Inc. (NYSE/Nasdaq: AFG), Cincinnati, Ohio, has extended its Legal Solutions Suite license for an additional five years. Great American, a multi-line insurer offering a wide range of specialty property and casualty products, as well as retirement annuities, life and supplemental health insurance products, uses CSC’s Web-based software to efficiently and cost-effectively manage its relationships with outside legal counsel.
“Legal Solutions Suite has become a valuable tool, helping us to simplify the billing process, analyze invoices and track performance,” said Veronika Willard, J.D., divisional senior vice president, Great American. “By streamlining these processes using an expert automated system that is integrated with our claims systems, we can focus our resources on providing quality products and service to our customers and positioning our business for long-term profitable growth.”
More than 50 companies have deployed CSC’s Legal Solutions Suite to produce immediate savings averaging 6 to 8 percent of total legal spend. This savings is possible because Legal Solutions Suite simplifies the billing process, tracks outside counsel performance and promotes best practices in managing legal matters. The software also provides a collaborative electronic workspace for budgeting, planning and strategy.
“CSC’s Legal Solutions Suite can help insurance companies like Great American, or frankly any entity that retains outside counsel, to gain greater control in managing legal expenses,” said Jeffery Schwalk, president of CSC’s Property and Casualty Insurance Division. “In addition to creating measurable efficiencies, our software and services also improve transparency and consistency in legal matter planning and execution through the bill review process.”
For more information about the comprehensive legal management solution, visit www.csc.com/lss.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed, indexed and variable annuities and a variety of supplemental insurance products. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation effective on May 10, 2010). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange and the Nasdaq Global Select Market under the symbol AFG.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 94,000 employees and reported revenue of $16.1 billion for the 12 months ended October 1, 2010. For more information, visit the company’s website at www.csc.com.