ACORD bestowed an Early Adopter Award on online insurance provider InsWeb for its efforts to develop the XML (Extensible Markup Language) standard for p/c insurance transactions. According to Gregory A. Maciag, president and CEO of ACORD, InsWeb’s early adoption of XML and negotiations with other companies to reach a consensus on specifications have been “extremely valuable.” InsWeb collaborated with The Hartford earlier this year to implement a live interface using the ACORD XML P&C specifications to facilitate real-time auto insurance quotes for online consumers.
Was this article valuable?
Here are more articles you may enjoy.
High-Powered Dads Are Spending Less Time at Work, More on Childcare 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul From This Issue
