ChoicePoint Sells UK Claims Database to Experian.Business Editors/Technology Writers ALPHARETTA, Ga.--(BUSINESS WIRE)--Jan. 6, 2000 ChoicePoint Inc. (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 completion of the sale of its United Kingdom subsidiary, ChoicePoint Limited and its CUE contributory property and casualty claims database to Experian, the global information solutions provider. In November 1993, ChoicePoint signed an exclusive agreement with the leading property and casualty insurers in the UK to provide access, through CUE, to accurate and up-to-date claims histories, helping identify and prevent fraudulent claims. The exclusive nature of the agreement terminated on December 31, 1999. Since the ChoicePoint spin-off from Equifax in 1997, the company has focused strategically on the domestic U.S. market that, in turn, led to the decision to sell the business unit to Experian, which is a leading provider of insurance services to the British insurance
Britishinsurance.com is the trading name of British Insurance Limited, a specialist insurance company based in the United Kingdom. industry. "We're very proud of what we have accomplished in creating the CUE UK claims database," explained Dan Rocco, ChoicePoint executive vice president. "It is a proven and important tool for UK carriers and a model for an entire industry. We are also pleased that a company of Experian's stature and experience will be able to continue CUE UK's success going forward." "The CUE database adds significant value to Experian's existing range of risk management information solutions for insurers," commented Sue Hall, Head of Insurance Services for Experian in the UK. "The UK insurance industry is fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to supporting the CUE database as it is now recognized as the most effective means of reducing non-disclosure at point of sale by consumers." ChoicePoint is a leading provider of decision-making intelligence to businesses, individuals and government agencies. Through the identification, retrieval, storage, analysis and delivery of data, the company serves the information needs of the property and casualty insurance market, the life and health market, and the business and government markets, including fortune 1000 corporations, asset-based lenders and professional service providers, and federal, state and local governments. For more information about ChoicePoint, visit www.choicepointinc.com. ChoicePoint is a trademark of ChoicePoint Inc. Experian is a global information solutions company, which specializes in Helping organizations to make more informed business decisions. The company is one of the world's leading suppliers of information on consumers, businesses, motor vehicles and property. By combining its databases with advanced technology and consultancy services, Experian assists its clients in targeting and acquiring new customers, building successful customer relationships and managing financial risk. The company employs 12,000 people in the UK, USA, Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. , Africa, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Asia Pacific. Annual sales are in excess of (pound)900 million. The company's headquarters are in Nottingham, UK, and Orange, California The City of Orange is located in Orange County, California, United States. It is approximately 3 miles (6 kilometers) north of the county seat, Santa Ana, and approximately 32 miles (52 kilometers) southeast of Los Angeles. . Experian is a subsidiary of The Great Universal Stores P.L.C., a UK-based holding company that includes home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. , retailing, property investment, finance and information services See Information Systems. . Further information on Experian can be gained from visiting its website at www.experian.com. |
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