Financial Services Industry
Industry: Email Alert RSS FeedNCCI, ISO Sign WC Peace Treaty.
National Underwriter Property & Casualty-Risk & Benefits Management, May, 1999 by HAYS, DANIEL
The final seal on a data-sharing agreement between rival statistical agents for the workers' compensation market is good news for insurers and employers, industry representatives and regulators contend. Their reaction follows a joint announcement by the National Council on Compensation Insurance of Boca Baton, Fla., and the New York-based Insurance Services Office, Inc.
that NCCI was dropping a lawsuit against an ISO subsidiary and that the two competitors have signed a licensing agreement. ISO bought its workers' comp subsidiary--Insurance Data Resources Inc. of Boca Baton, Fla--in November of 1998. Two years before, NCCI had filed an action against IDR in U.S. District Court in West Palm Beach, Fla., alleging copyright infringement. The suit alleged IDR...
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