Torrent Technologies Creates Insurance Subsidiary in Montana

March 3, 2009

Seattle-based Torrent Technologies Inc. has created a new subsidiary, Torrent Insurance Services LLC, to be based in Kalispell, Mont. In conjunction with TIS, the company has created another subsidiary, Torrent Government Contracting Services LLC, based outside of Washington, D.C.

TIS will house the company’s primary business operation, which is focused on providing back office services and technologies to insurance carriers that resell and administer flood insurance through the Federal Emergency Management Agency’s National Flood Insurance Program. TIS has approximately 40 technology and operational professionals.

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