Business Services Industry
Offer for NCCI questioned: long range impact of ISO running non-profit a major issue. (National Council on Compensation Insurance Inc; Insurance Services Office Inc)
Business Insurance, April, 1998 by Fletcher, Meg
As details of an offer by Insurance Services Office Inc. to acquire the nation's largest workers compensation data service agency surface, buyers and regulators are raising new questions about the previously confidential proposal. A major issue is the long-range impact of having ISO, which converted to for-profit status at the beginning of 1997, acquire the non-profit National Council on Compensation Insurance Inc.
and operate NCCI's workers comp database products and services as a non-profit subsidiary. Even the promise of a five-year cap on price increases hasn't allayed concerns about the future market impact of an enlarged ISO, which had 1997 net income of $37 million on $269.7 million in revenues. New York-based ISO, which...
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