Business Services Industry
ISO DEAL MEANS IT WILL COMPETE MORE WITH NCCI.
Business Insurance, November, 1998 by FLETCHER, MEG
BOCA RATON, Fla.-Competition is expected to heat up early next year among providers of workers compensation rating and statistical services in light of a deal announced last week. Insurance Services Office Inc. plans to purchase an 80% interest in Insurance Data Resources Inc. by year end.
Backing from New York-based ISO will make the considerably smaller IDR a bigger competitor of the huge, non-profit National Council on Compensation Insurance Inc., which spurned a merger with for-profit ISO seven months ago (BI, April 13). Both IDR and the NCCI are based in Boca Raton, Fla. The acquisition of IDR from Beedie Group L.L.C. of Downers Grove, Ill., also fills ``the major gap'' in ISO's services, giving it easy access to begin providing workers comp forms,...
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