Fiserv Inc., Brookfield, Wis., has signed an agreement to acquire NCSI, a specialized provider of insurance and information services for the flood insurance industry. Terms of the agreement were not disclosed. Rockville, Md.-based NCSI is an independently owned corporation formed in 1972, which has amassed experience administering government insurance programs. Its client based includes more than 70 property and casualty companies.Insurance Technology Solutions Inc., Torrance, Calif., has purchased certain assets of Star Solutions Inc., a Wrentham, Mass.-based provider of client/server property/casualty software solutions for carriers and managing general agents. Terms of the transaction were not disclosed. The assets acquired include the Policy Rate and Issue System, which enables insurance companies and their agents to rate and issue policies online for any P&C line. The acquisition will enable Insurance Technology Solutions to accelerate its development and delivery of a Web-based solution for any size carrier, according to the company.
New York-based iMapData, a BrandPartners Group Inc. company, has partnered with the National Insurance Crime Bureau (NICB), Arlington, Va., to create and market products to fight insurance fraud. The company also released CATfraud, an interactive geographically based product that displays five categories of weather events (earthquake, flood, wind, tornado and hail), with daily updates indicating the previous day's events. Delivered to NICB member company computers, CATfraud shows weather events at a national, regional, city or street address level. Users are thereby able to enter a specific claim address to confirm the presence of catastrophe- or weather-related claims submitted to other NICB member companies in the same area.
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