ChoicePoint Acquires Police Records Management Service.Business Editors & High Tech Writers ALPHARETTA, Ga.--BUSINESS WIRE--Nov. 14, 2000-- Acquisition of RRS RRS - An early definition of Scheme. Revised in R2RS. ["The Revised Report on Scheme", G.L. Steele et al, AI Memo 452, MIT, Jan 1978]. Combines Industry's Leading Public Records Provider With the Top Police and Accident Report Provider for Property and Casualty Market ChoicePoint Inc.(TM)(NYSE NYSE See: New York Stock Exchange : CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) announced today the acquisition of RRS Police Records Management, Inc. (RRS), the insurance industry's largest provider of police reports and related services to the property and casualty industry. The combination of RRS and ChoicePoint, the insurance industry's largest single source provider of underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , public records and direct marketing services, will provide the industry with the most complete and integrated array of claims-related products and services. "RRS police report services provides tremendous value to the claims professional by accelerating an integral part of the claims adjustment process - requesting and retrieving a police report on the accident," said Mike Milligan Michael Milligan (born February 20, 1967 in Manchester) is an English former footballer of Irish descent. He helped Oldham Athletic reach the League Cup final and the FA Cup semi-final in 1990, leaving to join Everton for £1m shortly after. , ChoicePoint vice president. "By combining ChoicePoint's 10.5 billion public records with the police report services of RRS, ChoicePoint will deliver critical information to the claims professional throughout the entire claims process - from first notice of loss to payment of the claim." This transaction represents ChoicePoint's second claims-related acquisition this year. Demonstrating the company's commitment to provide customers the critical information needed to more efficiently and effectively process claims. ChoicePoint acquired Fraud Defense Network(TM) (FDN FDN Foundation FDN Fully Distinguished Name FDN Fixed Dialing Number (telecommunications) FDN Florida Digital Network FDN Fuerza Democratica Nicaraguense (Nicaraguan Democratic Force) ) earlier this year. FDN is the nation's foremost contributory con·trib·u·to·ry adj. 1. Of, relating to, or involving contribution. 2. Helping to bring about a result. 3. Subject to an impost or levy. n. pl. network of anti-fraud services and information available over the Internet. The RRS transaction is not expected to have a material impact on ChoicePoint's financial results, and will be accounted for by the company as a purchase transaction. "This acquisition provides an incredible opportunity to enhance the police record services available to the industry," commented Wayne Lenoir, RRS president. "By combining ChoicePoint's leadership position in insurance information services See Information Systems. and technology with our police record management expertise, we will bring together a powerful and wide-ranging claims information solution for the industry." RRS, located in Norcross, Ga., is the largest company specializing in the retrieval of police reports for the insurance industry via the RRS OrderPoint(TM) system. RRS supports over 3,000 insurance company locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The RRS Police, Fire and EMS location database manages the ordering of police records from over 30,000 locations on a regular basis. RRS has also developed the ViewPoint(TM) system that combines imaging and Internet technologies to deliver a complete solution for police record management at costs far below what individual state agencies can achieve. ChoicePoint is the leading provider of credential credential verb To determine or verify titles, qualifications, documents, completion of required training, and continuing education, in those persons who function in a professional or official capacity–eg, ER physician, neurosurgeon, etc. Cf Credentials. verification and identification services for making smarter decisions. The company serves the information needs of insurance, business, government and individual customers, including Fortune 1000 corporations, asset-based lenders and professional service providers, and federal, state and local governments. ChoicePoint is committed to the responsible use of information and the protection of personal privacy as fundamental planks of the company's business model. The company's Web site is located at www.choicepoint.net. ChoicePoint and Fraud Defense Network are trademarks of ChoicePoint Asset Company. OrderPoint and ViewPoint are trademarks of RRS Police Records Management, Inc. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion