ChoicePoint has acquired Insuratec Inc., a provider of lien holder and mortgagee notification services to the property/casualty insurance industry. Insuratec, based in Danville, Calif., notifies automobile finance companies and mortgage lenders, on behalf of insurance clients, of material changes to insurance policies.
The acquisition expands ChoicePoint's Financial Institution Reporting System (FIRSt) service, created earlier this year with the acquisition of ELIOS Inc. FIRSt, with more than 100 customers, is part of ChoicePoint's portfolio of insurance verification services derived from Current Carrier, a nationwide contributory policy database for the P&C industry.
"This acquisition is further evidence of ChoicePoint's continuing commitment to providing high-quality solutions to real industry problems that have a direct, positive impact on our customer's bottom line," says Richard Collier, senior vice president and general manager of insurance data services.
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