Independent Automotive Damage Appraisers Association Signs Five-Year Agreement with CCC Information Services Inc.Business Editors CHICAGO--(BUSINESS WIRE)--June 6, 2003 Agreement Provides Association Members Access to 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. Pathways(R) Independent Appraisal Solution; Only Estimating Solution Developed Specifically for Independent Appraisers CCC Information Services See Information Systems. Inc. (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 ), announced today that it has signed a five-year agreement with the Independent Automotive Damage Appraisers Association (IADA IADA Independent Automotive Damage Appraisers Association IADA Interior Arrangement and Design Association (Dallas, TX, USA) ). The agreement offers CCC Pathways(R) Independent Appraisal Solution, the industry's only estimating product developed specifically for independent appraisers, to IADA members. CCC, a leading supplier of information and technology solutions to the automotive-claims and collision-repair industries, connects with more than 20,000 repair facilities and 350 insurers. "These relationships, along with its specially designed independent appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property. Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market product, make this agreement extremely beneficial to our members," said Mark Nathan, president of IADA. IADA is the oldest and only national trade association for auto-physical damage appraisers. The association's members provide their services to insurance companies, self-insured's, financial institutions, attorneys, fleet and leasing companies. IADA assists in the development and implementation of various national and regional programs. These programs have included damage appraisals, condition reports and valuations for automobiles, trucks, trailers, heavy equipment (including construction equipment), buses, recreational vehicles and collector automobiles. "We are extremely pleased that IADA has endorsed the use of CCC Pathways by its members," said Mary Jo Prigge, CCC's president of sales and service. "Independent appraisers are vital members of the auto-physical damage community and we look forward to providing them with our leading estimating technology." About CCC CCC Information Services Inc., 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 CCC Information Services Group (NASDAQ: CCCG), headquartered in Chicago, IL, is a leading supplier of advanced software, communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , 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 20,000 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 Michelle Hellyar at 312-229-2830, or Thaddeus Woosley of Ketchum at 312-228-6829. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion