JERSEY CITY, N.J., February 14, 2002 — Insurance Services Office, Inc. (ISO) and Seisint, Inc. have announced a licensing agreement to provide insurers' claims and special investigation units (SIUs), and subrogation personnel access to a wide range of public records and publicly-available data for in-depth searches on individuals and businesses as part of complex claims investigations.
Under the agreement, insurers choosing this optional ISO service can use Seisint's Accurint‘ family of data products to locate information on individuals and businesses for insurance-claims investigations, and retrieve public-record documents and other publicly-available information.
Accurint provides access to the world's largest set of accessible location information, with the ability to search billions of records in fractions of seconds. Its proprietary technology allows users to quickly perform high-speed, targeted searches countrywide and retrieve information going back up to 30 years on names and aliases, addresses, social security numbers, telephone numbers, dates of birth, names and addresses of relatives and neighbors, property ownership and sales records, and related services.
ISO will integrate and seamlessly deliver Accurint information through ISO ClaimSearch®, the property/casualty industry's all-claims antifraud system, via its secure Internet platform.
Accurint's high-volume data search and retrieval capability is the latest offering for claims investigators that ISO has integrated into the ISO ClaimSearch public-records service. Accurint complements public-information records available to ISO ClaimSearch users from the FastDataSM service of First Data Solutions, which currently provides a wide range of public-records searches through the ISO system.
"Accurint brings to ISO ClaimSearch customers unsurpassed reliability in information matches, speed and efficiency in searching vast amounts of data records," said Richard P. Boehning, ISO's senior vice president. "In a recent survey, our customers told us they want access to a broader public records offering with comprehensive nationwide searching and reports. The new option makes ISO ClaimSearch a more powerful and comprehensive resource for insurers, with a technological capability unmatched by any other claims-management system in the market," he added.
"Seisint is delighted to help ISO expand its offerings to the property and casualty insurance industry," said James P. Swift, president of Seisint Direct. "This relationship advances our strategy of powering industry solution providers with our unique data- delivery capabilities."
The new option also brings customers greater flexibility in public-record searches as they can choose either data provider, Boehning noted.
ISO is a leading source of information, and products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting and claims information and analyses; consulting and technical services; policy language; information about specific locations; fraud-identification tools; and data processing. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, and insurance regulators and other government agencies. For more information, visit the ISO web site at www.verisk.com/iso.
Seisint, Inc. is an information products company that enables organizations to unleash the power of massive data stores. Seisint provides organizations with real-time access to highly accurate and comprehensive information to improve front-line business decisions. Seisint's Accurint family of products incorporates billions of data records and Seisint's sophisticated data linking algorithms to support risk management, fraud detection, collections and other business functions. For more information about Seisint, please visit www. Seisint.com.