PR Contact:

Susan Douglas

Solomark Associates

susan@solomark.com

847.895.2634

 BrickStreet Mutual Insurance Company Selects Valen’s InsureRight® Risk Report

Major West Virginia Insurer looks to Valen’s InsureRight Risk Report to provide essential risk information used to improve accuracy when pricing workers’ compensation policies

Denver, CO, March 29, 2011 – Valen Technologies, Inc. todayannouncedthat BrickStreet Mutual Insurance Company, the largest workers’ compensation insurance carrier in West Virginia, has chosen Valen’s InsureRight® Risk Report as a strategic tool to help identify policy risk in advance of pricing their workers’ compensation policies. With InsureRight, BrickStreet will be in a position to take corrective actions on new or renewal policies that InsureRight identifies as likely to have misclassified exposure.

Valen, a provider of cloud computing predictive analytics solutions to the insurance industry, is already working with the BrickStreet team on the implementation of InsureRight and is on track to have the product available for BrickStreet’s next round of policy renewals.

Commenting on the Valen InsureRight decision, Jeff Benintendi, SVP of BrickStreet Mutual Insurance Company, said, “As a mutual insurance company writing business in West Virginia and other target states, it is important we manage our business with a high degree of precision. Our policyholders expect nothing less. We must understand the risks we are writing, price for the risk we are accepting, and be able to decline business outside of BrickStreet’s risk appetite.” Benintendi went on to say, “We believe that Valen’s InsureRightwill help us better understand the exposure of the policies we write.”

“On behalf of the entire Valen team, I would like to extend our appreciation to BrickStreet for their selection of Valen’s InsureRight Risk Report, the most recent addition to Valen’s suite of predictive analytics products built specifically for workers’ compensation insurance carriers,” said Dax Craig, President and CEO of Valen Technologies. “Valen is very excited about our partnership with BrickStreet Mutual and is pleased that InsureRight will provide them an added level of policy pricing accuracy.” 

About BrickStreet Mutual Insurance Company

BrickStreet Mutual Insurance Company began its historic role as West Virginia’s first private workers’ compensation carrier on Jan. 1, 2006. BrickStreet is a mutual company owned by its policyholders, and is among the largest writers of workers' compensation coverage in the nation. A seven-member Board of Directors oversees BrickStreet’s operations. To learn more about BrickStreet call 1-866-45BRICK (452-7425) or visit BrickStreet’s website at www.brickstreet.com

About Valen Technologies, Inc.

Valen Technologies, Inc. improves pricing, underwriting and premium audit results through cloud based predictive analytics solutions, UnderRight®, RateRight®, AuditRight® and now InsureRight®. Valen’s experts build, deploy and monitor models for improving risk selection, pricing, underwriting and optimizing premium audit processes. Valen offers the only predictive analytic solutions that include expert predictive modeling, model monitoring and refresh, as well as data management. Valen’s customers use Valen’s solutions to improve operating performance, improve competitive position, reduce premium audit expense, optimize premium audit results and shorten underwriting cycle time. To learn more about Valen and Valen’s products call 1-800-280-3304 or visit Valen’s website at www.valen.com