Computer Sciences Corp., an El Segundo, Calif.-based provider of enterprise software solutions to the insurance industry, is embroiled in a dispute with 21st Century Insurance Group.The legal dispute hinges on an alleged failed software installation project that was initiated in 2002. Woodland Hills, Calif.-based 21st Century, which hired CSC Corp. to install the software system, started arbitration proceedings against CSC in Austin, Texas in December for what 21st Century calls "non-performance."
21st Century Insurance commenced proceedings against CSC stemming from CSC's obligation to provide its COGEN and 3r software and other software programs to 21st Century Insurance, the company states. The insurance company is claiming $100 million for the alleged failed project. 21st Century, an affiliate of New York-based AIG, wrote off $37 million worth of its investment in CSC software in its fiscal third quarter.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access