Both the headline and certain portions of the text in the article that appeared yesterday, October 29, incorrectly identified the NAII as having approved inreon’s use of ACORD standards.
This was not correct. The NAII has no connection with either ACORD, which is a separate organization, headquartered in New York, or with inreon the Internet reinsurance trading platform.
The confusion arose because the two companies made their announcement at the current NAII convention in L.A.
The Insurance Journal regrets the error, and the original article has been corrected.
Was this article valuable?
Here are more articles you may enjoy.
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Experian Launches Insurance Marketplace App on ChatGPT 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
