The Insurance Services Office, Inc. said it has acquired eLIENS,an automated intermediary for insurers that allows them to notifylenders if there is a change in their customers' insurancecoverage.

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eLIENS, based in College Station, Texas, is a unit of XtriaLLC==an information technology and services company. Purchase termswere not disclosed.

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Jersey City-based ISO said eLIENS provides its notificationservices for insurance carriers that must keep lien-holders andmortgage institutions updated on their clients' coverage.

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Lending institutions that finance the purchase of cars, homesand other property typically require borrowers to maintain minimumlevels of insurance coverage. As a lien-holder or mortgagee to theproperty being insured, these lenders are entitled to receive manyof the same notices that are sent to policyholders regardingchanges in coverage or termination of coverage.

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ISO said the requirement for insurance companies is often a verypaper- and labor-intensive notification process.

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"eLIENS service automates the tedious, expensive andtime-consuming task of processing notifications more accurately andefficiently," explained Richard P. Boehning, ISO senior vicepresident. "This acquisition bolsters ISO's arsenal of underwritingsolutions and improves carriers' processing and documentadministration workflow capability."

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According to ISO, eLIENS helps insurers cut notification costsand eliminate the expense of returned mail. eLIENS estimates itselectronic automated notification service on average cuts insurernotification costs in half.

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Mr. Boehning said the transfer of eLIENS service would beimperceptible, adding that "our customers can continue to rely ontimely, accurate notification services that they have come totrust."

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ISO said eLIENS will be integrated into its InsuranceInformation Exchange (iiX) unit, also based in College Station,which provides countrywide motor vehicle records to insurers.

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ISO is a provider of products and services that help measure,manage and reduce risk.

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