2004 E-Fusion Award Recipient - 
Special Coverage Management

BARS Holding

The A.M. Best Co. presented BARS Holding Inc. with the E-Fusion award in the Special Coverage Management category at the 2004 A.M. Best Co. Insurance and Technology Conference in Baltimore Oct. 19. The award recognizes innovation in insurance technology.

BARS Holding, Calabasas, Calif., received the award for its Bail Agent Records System, a Web-based application that allows retail bail bond agents to quickly capture and track essential information including their liability and exposure. Plus, the network ties together agents, securities and insurance companies while reducing data entry and providing greater accuracy in reporting.

The facility has grown from processing 51,000 bonds in 2002 to 276,000 so far in 2004 and from 250 agents in 2002 to 1,000 agents today. BARS was funded by a consortium of writers of surety insurance products, including American Surety, Associated Bond, International Fidelity Insurance and Allegheny Mutual.

Read about the finalists in this category or view our press release for more award coverage in this category.