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NEW YORK LIFE GOES LIVE WITH CLAIMS SUPPORT ON MDI’S FIMMAS ADMINISTRATION SYSTEM

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September 18, 2008
FOR IMMEDIATE RELEASE
 
BIRMINGHAM, AL, September 18 – The Group Membership Association Division of New York Life Insurance Company selected MDI’s FIMMAS Administration System to replace its existing Claims Processing system for life and disability products in its Tampa and New York offices. The final phase of the project went live in July 2008.

FIMMAS gives New York Life the ability to support both fully administered and self-administered groups, with an automated process to pay Life claims and fully automated repetitive payments for Disability and Office Overhead claims. FIMMAS also provides the ability to preview and project payments prior to the actual payment, including claims with multiple benefits.

New York Life’s Group Membership Association sells a variety of association group and voluntary worksite products, including Term Life, Whole Life, AD&D, and Office Overhead products. Management Data, Inc. (MDI) is located in Pelham, Alabama, and has provided system solutions to the insurance industry since 1982. For more information, contact Pat Michael at 205-378-1380. 

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