JERSEY CITY, NJ, and DAYTON, OH, July 10, 2002 — Insurance Services Office, Inc. (ISO) and LexisNexis have entered into an agreement that allows LexisNexis to distribute ISO policy forms to its customers, primarily lawyers and law firms.
This is the first time that ISO has licensed a third party to distribute ISO policy forms to non-insurers, further expanding the scope of one of its core services — policy forms for all 18 ISO lines of insurance. LexisNexis customers will now enjoy the convenience of utilizing ISO's policy forms without having to disrupt their legal research by exiting the LexisNexis service.
Under this accord, LexisNexis, a division of Reed Elsevier Inc., has a nonexclusive worldwide license to provide ISO forms electronically to customers through its dedicated network.
"Before this agreement, it was difficult for non-insurers to get ISO policy forms. Our licensing agreement with LexisNexis will make ISO forms more easily available to entities other than insurers," said Domenick J. Yezzi, Jr., ISO's vice president for specialty commercial lines.
"Our alliance with ISO will result in a tremendous time savings for customers by enabling them to link to key insurance forms directly from the LexisNexis service," said Leigh Sempeles, vice president, publishing and large law firm markets. "We are proud to be the only online legal information provider to provide such a service."
LexisNexis works in partnership with its customers to tailor and integrate valuable information content and productivity tools into their daily workflow. As a result, "LexisNexis continues to equip its legal and business customers with the necessary tools to make confident, successful business decisions," said Sempeles.
ISO is a leading source of information, 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 www.verisk.com/iso.
LexisNexis is the global leader in comprehensive and authoritative legal, news and business information and tailored applications. Its online services combine searchable access to over three billion documents from thousands of sources. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK], LexisNexis is headquartered in Dayton, Ohio, USA, and does business in 100 countries with 12,000 employees worldwide. The company offers an extensive range of online and print legal and regulatory information products, tools, customized web applications and critical filing services that help legal professionals reach confident decisions and comply with the law. In addition to LexisNexis at www.lexis.com, the leading web-based legal research service, LexisNexis includes some of the world's most respected legal publishers, such as Martindale-Hubbell, Matthew Bender, Butterworths, Les Editions du Juris-Classeur, Abeledo-Perrot and Orac.
Tracy Holthaus (LexisNexis)