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Goodville Mutual Casualty Company (New Holland, Pa.) has selected One Inc’s (Folsom, Calif.) ClaimsPay digital payments platform and mortgagee network. The firms’ relationship will offer increased access to 80 percent of mortgagees for the carrier and drive a frictionless payment experience for Goodville Mutual members that reduces claims severity and improves cycle time.
Formed in 1926, Goodville Mutual provides property/casualty insurance products, with coverage for homes, small businesses, farms and churches across eight states. Goodville Mutual currently has annual revenues exceeding $200 million and assets exceeding $400 million. The insurer has been selected to Ward’s list of Top 50 Performing Property and Casualty Insurance Companies for 12 consecutive years.
“By adding One Inc’s innovative digital payments platform to our repertoire alongside our existing DXC Technology [Tysons, Va.] stack, we can pursue valuable efficiencies with next-generation InsurTech to optimize claims operations and improve agent and member experiences,” comments David Gautsche, President and CEO, Goodville Mutual. “As an added benefit, our homeowner clients will have peace of mind in their time of need, and we will be able to access a vast network of mortgagees to settle their claims faster and more comprehensively.”
Digital, No-Touch Payments
“We’re excited to be a part of Goodville’s industry-leading tech overhaul together with DXC,” comments Christopher W. Ewing, CEO and founder, One Inc. “We know firsthand how property and casualty losses have devastating effects, but we’re hopeful our integration of digital, no-touch payments will enable Goodville members to recover more quickly from loss than antiquated physical claims payments systems.”