DMS has entered into agreements with Employers Reinsurance Corporation (“ERC”) to assume responsibility for the administration of two disability claim blocks; one representing claims under Association disability plans underwritten by UnumProvident and reinsured by ERC and the other representing claims under Group LTD plans underwritten by Ohio National Insurance Company and reinsured by ERC. The claim blocks will be administered in the company’s Springfield office.

DMS has entered into agreements with ACE Tempest Life Reinsurance Ltd. ("ACE") to assume responsibility for the administration of two Group LTD claim blocks reinsured by ACE. The claim blocks, which include blocks of business underwritten by five insurance carriers domiciled in Puerto Rico, will be administered in the company's Springfield office.

DMS has entered into an agreement with Reliance Standard Life ("RSL") to administer active claims under Group LTD plans underwritten in Puerto Rico and reinsured by RSL. The claims will be administered in the company's Springfield office.

DMS has successfully completed its conversion of all policy data from the mainframe systems of the Massachusetts Casualty Insurance Company ("MCIC") to DMS' fully integrated policy and claim administration systems platform, ("ideas"). The system now supports the daily administration of approximately 50,000 MCIC policies.

DMS has been engaged by Jefferson Pilot Financial to assist the company in designing, pricing and administering an innovative disability product concept. The Disability Income Rider, featured in Jefferson Pilot Financial's newly released life portfolio, the JPF Advantage Series, is an integral component in Jefferson Pilot Financial's strategic initiative to provide a unique insurance platform for the mass affluent market.

For the fifth consecutive year, DMS has been recognized by the Affiliated Chambers of Commerce of Greater Springfield as a "Super 60" award winner for the year 2005. DMS was recognized in the Total Revenue category. The "Super 60" award program is open to privately held companies based in Hampden and Hampshire counties that have been in business for at least three years and have generated revenues of at least $1million in the last fiscal year.

The Massachusetts Department of Workforce Development has selected DMS to be a recipient of a Workforce Training Fund grant. Financed entirely by Massachusetts employers, the Workforce Training Fund provides financial resources to Massachusetts businesses to fund employee training programs. DMS will utilize the grant to fund training programs for business communications and specialized information systems technology.

The Employers Association of the Northeast ("EANE") has recognized DMS for "Outstanding Employer- Employee Relations Initiatives". EANE's award criteria was based on programs implemented within an organization that foster and encourage a positive and challenging working environment. DMS achieved this recognition among all for-profit member companies of EANE with over 100 employees.

Steve Allen, ALHC, FLMI, ACS, Director of Claims, was appointed President of ICA at the 2004 Annual Meeting held this month at the Gaylord Opryland Resort in Nashville, TN. The International Claims Association was founded in 1909 and is the largest Life & Health trade association of Life and Health claims professionals in the world.

For the fourth consecutive year, DMS has been recognized by the Affiliated Chambers of Commerce of Greater Springfield as a "Super 60" award winner for the year 2004. DMS was recognized in the Total Revenue category. The "Super 60" award program is open to privately held companies based in Hampden and Hampshire counties that have been in business for at least three years and have generated revenues of at least $1million in the last fiscal year. Participating companies are sponsored by local organizations or individuals for consideration for an award.

Lisa D. Piechowski, PhD, Lee Tonet, MS, RN, CRC, and Charles D. Del Tatto, PT, were speakers at the Twenty-Fourth Annual National Worker's Compensation and Occupational Medicine Seminar held in Hyannis, MA. Their presentation "Work and Well-being: Putting the Pieces Back Together", focused on the value of early identification of the injured or ill person's occupation, the role of work in our lives, and physical restoration. Attendees at this widely and highly acclaimed conference included; the nation's leading worker's compensation professionals, occupational physicians, occupational nurses, attorneys, and claim professionals.

Paul Ziobrowski, Vice President and Chief Actuary, along with two other members on the Society of Actuaries' Individual Disability Experience Committee, presented results from their recently completed claim incidence and claim termination studies. These studies were based on the combined results of twelve major Disability Insurance carriers, covering the periods of 1990-1999. The goal of the Individual Disability Experience Committee is to utilize these studies as a basis for new individual disability income valuation tables, replacing the 1985 CIDA Table.

Effective February 1, 2004, DMS has assumed responsibility to manage and administer claims for Woodmen of the World Life Insurance Society's in-force individual Disability Income insurance policies.

DMS has successfully completed its conversion of the individual Disability Income insurance policy data from the mainframe systems of the Equitable Life Assurance Society of the United States ("Equitable") to DMS' fully integrated policy and claim administration system ("ideas"). The data conversion was the culmination of a four stage transition of policyholder servicing for over 75,000 active policies.

DMS has been recognized by the Affiliated Chambers of Commerce of Greater Springfield as a 2003 "Super 60" award winner. DMS was recognized in the Total Revenue category. The 14 year-old awards program recognizes privately held companies based in Hampden and Hampshire counties. To qualify, companies must have generated revenues of at least $1 million in the last fiscal year.

Paul Ziobrowski, Vice President and Chief Actuary and Timothy Swankey, Actuary, have served on the Individual Disability Experience Committee of the Society of Actuaries since 2000. This committee of industry leading actuaries was assembled to study current industry morbidity experience for the purposes of developing a new valuation table to replace the 1985 CIDA Table, as requested by the NAIC. The results of the Morbidity Study will provide IDI companies with recent morbidity data upon which future pricing and reserving assumptions may be based. Preliminary data was shared by the committee at the Society of Actuaries' Health Conference held in Vancouver, Canada this month.

Effective June 1, 2003, DMS has assumed responsibility for claim servicing of in-force individual Disability Income insurance policies for Galveston, TX based ANICO.

Steve Miller, Vice President, and Erica Morrison-Brazitis, Assistant Vice President, were speakers at the annual Life and Health SOA meetings in Washington, D.C. and Vancouver, Canada. Their presentations focused on opportunities for new entrants in the disability market, key industry trends that will fuel the need and demand for disability insurance, and innovative product concepts. To view and print their complete power point presentation...click here.

DMS has been recognized by the Affiliated Chambers of Commerce of Greater Springfield as a "Super 60" award winner for the year 2002. DMS was recognized for the second straight year in each of the categories of Total Revenue and Revenue Growth. The "Super 60" award is bestowed upon privately held companies based in Hampden and Hampshire counties for the significant contributions they make to the regional economy.

Steve Miller has joined DMS as Vice President of Business Development and will oversee the company's product development and private label initiatives. Steve was formerly Vice President of Life Products & Services for Travelers Life & Annuity, a member of CitiGroup. Under Steve's leadership, Travelers' Life insurance business achieved significant top and bottom line growth, far outpacing the industry. Prior to running Travelers' Life business, Steve headed up the company's individual Disability Income line of business and was responsible for product development, marketing and the overall profitability of the line.

In early November 2001, DMS completed its conversion of the MONY Life Insurance Company's ("MONY") individual Disability Income insurance policy data from MONY's mainframe system to DMS' fully integrated policy and claim administration system. DMS' system now supports the day to day servicing of over 70,000 MONY policies. The implementation of the system is a significant achievement for DMS as the company seeks to further leverage its capability as a third party administrator of disability insurance products.

The Affiliated Chambers of Commerce of Greater Springfield, Massachusetts have recognized DMS as a "Super 60" award winner for 2001. The 12 year-old awards program recognizes privately held companies located in Hampden and Hampshire counties for their contributions to the regional economy. Eligible companies must be in business for at least three years, and must have generated revenues of at least $1 million in the last fiscal year. DMS was recognized in both of the program’s total revenue and revenue growth categories.

DMS is completing the development of its proprietary fully integrated policy and claim administration systems software in preparation for the data conversion of the MONY Life Insurance Company’s ("MONY") individual Disability Income policy information. DMS initiated the systems development project after entering into its administrative services contract with MONY effective January 1, 1998. The data conversion is to be completed during the 4^th quarter of 2001.

Effective June 1, 2001, DMS assumed responsibility for policy administration for certain individual Disability Income insurance policies issued by The Equitable Life Assurance Society of the United States. DMS expanded its Syracuse, New York service center to accommodate the growth of its Client Service operations. DMS’ Call Center capacity in Syracuse increased by approximately 75% as a result of the expansion. Additional expansion is planned for the 4^thquarter of 2001.

DMS has been retained by The Equitable Life Assurance Society of the United States, a subsidiary of AXA Financial, Inc, and Centre Life Insurance Company, a subsidiary of Centre Group, to administer Equitable Life’s Disability Income business directly written during or before 1993. As a result of the retention, DMS has expanded its Springfield offices and has increased its work force by approximately 50% to build capacity required for the company to absorb the Equitable business. DMS was retained coincident with Equitable Life’s transfer to Centre Life of all the risk of its Disability Income business directly written during or before 1993.