ChoicePoint said it has acquired Danville, Calif.-based Insuratec Inc., a provider of lien holder and mortgagee notification services to the property-casualty insurance industry.
Terms of the deal were not released. ChoicePoint, an Alpharetta, Ga.-based provider of personal data services to the insurance industry, said the deal is not expected to have a material impact on its financial results or affect earnings.
Insuratec notifies automobile finance companies and mortgage lenders, on behalf of insurance clients, of material changes to insurance policies.
ChoicePoint said the acquisition would expand the company's Financial Institution Reporting System (FIRS) service, created earlier this year with the acquisition of ELIOS Inc. FIRS is part of ChoicePoint's portfolio of insurance verification services.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.