CCC Information Services Links Up with CARFAX to Offer Customers the Most Comprehensive Vehicle History for Claims Settlements.Business Editors/Automotive Writers CHICAGO--(BUSINESS WIRE)--Feb. 27, 2003 Relationship Bolsters CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Valuation Product, CCC Valuescope(TM) Claim Services, Formerly Named Total Loss CCC Information Services See Information Systems. Inc. announces that it has entered into a relationship with CARFAX(R) to provide CARFAX Vehicle History Reports to customers of CCC Valuescope(TM). CCC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCCG CCCG Canadian Conference on Computational Geometry CCCG Climate Change Co-ordinating Group ) has supplied information and technology to the automotive-claims and collision-repair industries for more than 20 years. CARFAX, with a database of over 2 billion unique vehicle history records, pioneered the vehicle history report in 1986. As a result of this relationship with CARFAX, CCC Valuescope, formerly named Total Loss, becomes an even more powerful valuation product. With CARFAX Vehicle History Reports, important background information, such as title history, potential odometer odometer (ōdŏm`ĭtər), instrument provided in an automotive vehicle to indicate the total number of miles that have been traveled. rollback and lien activity, can be unearthed Unearthed is the name of a Triple J project to find and "dig up" (hence the name) hidden talent in regional Australia. Unearthed has had three incarnations - they first visited each region of Australia where Triple J had a transmitter - 41 regions in all. about a vehicle. Using the unique 17-character VIN VIN Vulvar intraepithelial neoplasm, see there found on vehicle dashboards and title documents, the CARFAX system quickly generates a detailed history report or instant background check on virtually any car or light truck. This vehicle history information is now incorporated into CCC Valuescope, which provides fast, fair, local market valuations for private passenger, commercial and recreational vehicles. "CCC looks constantly for ways to add value to our products and services," said Jim Dickens, senior vice president of product management and marketing for CCC. "By working with CARFAX, we offer the industry's most comprehensive vehicle history reports to customers to assist them in quickly and efficiently settling claims." "CCC has set the standard in the automotive claims industry, and CARFAX is pleased to be adding value to their service," says CARFAX vice president, Scott Fredericks Scott Fredericks is an Irish actor best known for his roles on British television. He was born Frederick Wehrly in Sligo, Ireland to Eddie and Ann Wehrly. He appeared in the Doctor Who serials Day of the Daleks and Image of the Fendahl. . "This is another step in the CARFAX commitment to helping people make informed decisions." CCC Valuescope is CCC's flagship valuation product. Added Dickens, "The new 'Valuescope' name reflects the product's continuing ability to provide valuations that are comprehensive in scope. We've taken an already powerful product and made it better through our relationship with CARFAX." About CARFAX Founded in 1984, CARFAX pioneered the concept of the vehicle history report - the instant background check on any used car. CARFAX Vehicle History Reports can confirm a clean title history or identify serious problems with any used car, including salvage history, odometer fraud Odometer fraud is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer. , flood damage and more. CARFAX helps millions of consumers and thousands of car dealers avoid buying used cars with costly hidden problems. Using the 17-character Vehicle ID Number (VIN), used car buyers can access over two billion vehicle history records from hundreds of different sources in the CARFAX nation-wide database at www.carfax.com. Every CARFAX Report that confirms a clean title history is backed by the $5,000 CARFAX Certified History Guarantee. CARFAX, Inc., based in Fairfax, Virginia, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the R.L. Polk & Co. About CCC CCC Information Services Inc., a wholly owned subsidiary of CCC Information Services Group (NASDAQ:CCCG), headquartered in Chicago, IL, is a leading supplier of advanced software, communications systems, Internet and wireless-enabled technology solutions to the automotive claims and collision repair industries. Its technology-based products and services optimize efficiency throughout the entire claims management supply chain and facilitate communication amongst over 15,000 collision repair facilities, 350 insurance companies, and a range of industry participants. For more information about CCC Information Services Inc., visit our Web site at www.cccis.com; or contact Susan Jablonski at 312-229-2830, or Michelle Hellyar at 312-228-6861. |
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