JERSEY CITY, N.J., Dec. 9, 2004 — ISO has entered into an alliance with InsightAmerica, a leading provider of public-records information, to complement the public-records data available to claims and special investigations personnel through the ISO ClaimSearch® system.
ISO will add InsightAmerica's people-locating information and asset-verification data — such as tax liens, judgment data and real estate ownership information — to the ISO ClaimSearch public-records offering.
ISO ClaimSearch is the property/casualty insurance industry's comprehensive system — with 400 million claims records — for improving claims processing and fighting insurance fraud. Participating insurers and other organizations submit tens of millions of reports on individual insurance claims.
The ISO ClaimSearch system searches the database to cross-check for information about other claims filed by the same individuals or businesses (either as claimants or insureds). The information identified by the ISO system helps insurers, self-insurers, law enforcement agencies and state fraud bureaus detect and prevent potential fraud and expedite meritorious claims. ISO ClaimSearch also provides customers access to public records, police reports and medical records.
InsightAmerica maintains a wide range of databases from both public and private sources, including property, identity, telephone and other specialized databases that are used to prevent fraud, investigate crimes, litigate court cases and track delinquent debtors.
"We're extremely pleased that ISO has chosen us to provide information that will enhance the ISO ClaimSearch system," said Ron Fournet, InsightAmerica's CEO. "We see a lot of potential in our ability to help insurers with information and technology to fight fraud and handle claims more effectively."
"ISO and InsightAmerica are a great fit," said Richard Boehning, president of ISO's AISG unit. "InsightAmerica's databases and capabilities can advance our ability to support investigations by providing additional information not found in insurance claims."
The information becomes available to ISO ClaimSearch customers beginning in January 2005.
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Professionals use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO's services help customers protect people, property and financial assets.
Since its founding in 1994, InsightAmerica has become a leader in providing risk-mitigation information and analytics to the credit, antifraud, legal and law enforcement communities. With reliable access to hundreds of national and state-specific databases, including identity data, property, addresses, phone numbers, and motor vehicle and criminal records, InsightAmerica provides the broadest access to data in both real-time and batch mode. InsightAmerica is privately held, and its headquarters are located near Denver, Colorado.