PRC TO BUY INSURITY SOLUTIONS

PRC Corp., a subsidiary of ChoicePoint® , entered into an agreement to purchase 100 percent of the stock of Insurity Solutions Inc. from an internal management group and private investors. The acquisition aims to blend an Internet-based delivery system for the commercial property and casualty market with a complete rating and policy issuance system. The deal is PRC’s second major acquisition during the last three months. In November 2000, PRC acquired the processing and interface management service assets of Red Wing, Minn.-based VIS’N Service Corp.

Topics Mergers & Acquisitions