Palisades Implements Cost Savings Strategy Using Driver's History, Inc. Risk Management and Marketing Solution

BERKELEY HEIGHTS, N.J., Feb. 17 /PRNewswire/ -- Palisades, the Nice New Jersey Car Insurance Company, has partnered with Driver's History, Inc. ("DHI") to embark on a wide-ranging cost savings strategy using DHI's unique DriversKnowledge™ risk management solution.  DriversKnowledge is a comprehensive real-time database of moving violations and other offenses, which can be used for insurance underwriting and fraud detection in addition to customer acquisition and retention.

"Palisades use of DHI's DriversKnowledge is a leading-edge approach that emphasizes our commitment to expense control," noted Joe Scaturro, Vice President, Operations for Palisades. "This service allows us to reduce risk management expenses by ensuring we have the most up-to-date driver information.  It's part of our overall strategy of finding innovative ways to improve service while controlling costs."

"Palisades decision to partner with DHI to enhance its underwriting and fraud detection functions further validates the fact that our data provides the auto insurance industry with a tremendous amount of value," stated Stephen Esposito, DHI's CEO.  Esposito continued, "In this challenging economy, DHI provides auto insurers with what they need most -- a long-term solution for decreasing underwriting risk and expense ratios."

Concluded Scaturro, "Our goal at Palisades has always been to provide our customers with great service while keeping rates competitive. The unique solution of DriversKnowledge has allowed us to improve our bottom line by using Motor Vehicle Records in smarter, more targeted and more effective ways."

About Palisades

Palisades is the Nice New Jersey Car Insurance Company® that gives you more. Drivers and agents get more reasons to smile with more value, friendly New Jersey expertise, and service done right. Palisades sells exclusively through over 300 independent agents and is a leader in the fast settlement of claims. Palisades Safety and Insurance Management Corporation is the Attorney-in-Fact of Palisades Safety and Insurance Association (PSIA).  Insurance is written by PSIA and its two wholly-owned insurers, Palisades Insurance Company and Palisades Property and Casualty Insurance Company (collectively "Palisades").

Palisades Safety and Insurance Management Corporation is a Plymouth Rock managed company. The Plymouth Rock Companies write and manage more than $1 billion in personal and commercial auto and homeowner's insurance across the Northeast.

About Driver's History

Driver's History, Inc. ("DHI") is a leading provider of insurance risk management and marketing solutions. DHI maintains DriversKnowledge™, a comprehensive real-time database of drivers in a variety of states that commit moving violations and other offenses. DriversKnowledge™ enhances insurance underwriting, fraud detection and customer acquisition and retention activities. For more information, visit www.drivershistory.com or call 888-239-9461. DriversKnowledge™ is Power!(SM)

SOURCE Palisades