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Citizens Expands Use of Bolt Platform, Adding New Line of Business to Its Property Insurance Clearinghouse

NEW YORK, May 5, 2015 (GLOBE NEWSWIRE) -- BOLT Solutions, Inc. (www.boltinc.com), provider of the leading online sales and client support platform to the property and casualty (P&C) insurance industry, today announced its customer Florida's Citizens Property Insurance Corporation (Citizens) has added dwelling coverage as a new line of business to its Property Insurance Clearinghouse. Originally launched in January 2014 supporting HO-3 homeowners insurance, the addition of the dwelling product is the first in a series of planned clearinghouse product additions.

Powered by the Bolt Platform, the clearinghouse is designed to provide consumers and agents access to participating private insurers offering comparable coverage at competitive rates, resulting in greater insurance choice for Florida homeowners as well as reduced financial risk. With the Citizens clearinghouse in place, a significant number of Citizens customers have moved to private markets, reducing Citizens' exposure while driving premium and growth to private carriers in the state.

"We are very pleased with the performance of the clearinghouse since our initial launch early last year. It has proven to be a great success in providing Florida policyholders with insurance choice and quality coverage," commented Steve Bitar, Chief of Consumer and Agent Services with Citizens. "The Bolt Platform is a key component of the clearinghouse and enables us to provide easy access to agents and consumers looking for available insurance options and competitive premiums. The clearinghouse offers the ideal scenario where every stakeholder in the insurance process wins – from private insurers in the state to agents to consumers."

"The Citizens clearinghouse is an outstanding example of a company effectively leveraging technology to address a complex business challenge. The success of the clearinghouse has led to its continued expansion with new products and access to more insurance options for Florida's agents and consumers," said Eric Gewirtzman, CEO of Bolt. "We are proud of the role the Bolt Platform has played and will continue to play in this important initiative."

To learn more about the Citizens Property Insurance Clearinghouse, see the January launch statement from Citizens or visit https://www.citizensfla.com/policyholder/clearinghouse/.

About BOLT Solutions Inc.

Headquartered in New York and founded in 2000, BOLT Solutions, Inc. offers the leading online sales and client support platform to the property and casualty (P&C) insurance industry. The Bolt Platform supports all of the insurance needs of its customers, while driving market share, retention and increased revenue for its insurance industry partners. Bolt works with the leading property and casualty insurers. Bolt is an Actua company (Nasdaq:ACTA). For more information visit www.boltinc.com, email info@boltinc.com or call 212-608-4646.

CONTACT: Chrissy Snyder BOLT Solutions, Inc. chrissys@boltinc.com 212-981-4684 Susan Douglas Solomark Associates susan@solomark.com 847-895-2634

Source:BOLT Solutions, Inc.