ISO Acquires IntelliCorp

December 2, 2002

Insurance Services Office, Inc. (ISO) has acquired IntelliCorp, Ltd., a nationwide provider of criminal records, motor vehicle reports and other public documents.

With a database of over 70 million criminal records accessible via the Internet, the Solon, Ohio, firm gives ISO the largest, most in-depth and current repository of criminal records to meet customers’ growing need for information tools to help combat insurance fraud and support numerous other business decisions.

“ISO customers have expressed interest in gaining access to criminal records through ISO ClaimSearch,” Frank Coyne, ISO’s chairman, president and CEO, said. “Claims adjusters and special investigative units accessing the ISO ClaimSearch database require criminal records to research claims.

“We selected IntelliCorp for the depth of its database and the quality of its delivery capability,” Coyne added. “With IntelliCorp now part of our company, ISO has an advanced, reliable and cost-effective source of comprehensive criminal and civil records.”

ISO formed a strategic alliance with IntelliCorp earlier this year to distribute criminal records along with other public records offered through ISO ClaimSearch.

IntelliCorp will continue to operate in Solon, Ohio, as a wholly owned ISO subsidiary under the leadership of its founder and chief executive, Chad Salahshour.

Besides ISO ClaimSearch, ISO maintains a 7.7-billion-record database of detailed information provided by thousands of carriers countrywide.

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