CHICAGO, Jan. 5 /PRNewswire/ -- Trans Union, the nation's leading provider
of consumer credit information to the insurance industry, announced today a
business relationship with ChoicePoint, Inc. of Alpharetta, Ga. The agreement
includes the sale of Trans Union's subsidiary company, DATEQ Information
Network, Inc. of Norcross, Ga., to ChoicePoint.
DATEQ is a provider of underwriting services to the personal automobile
insurance market, including their UNCLE(TM) automobile claims database, motor
vehicle records and DADS(TM), DATEQ's driver discovery product. Under the
alliance, ChoicePoint will acquire 100% ownership of DATEQ from Trans Union.
"This agreement gives Trans Union the opportunity to focus on providing
its core credit products directly to its insurance customers," stated Jay
Frank, Senior Vice President of Trans Union.
"We continue to make investments to more fully serve our customers'
evolving information needs," explained David Lee, ChoicePoint Senior Vice
President. "This agreement enhances our offerings to existing customers while
offering broader information products and services to DATEQ customers."
ChoicePoint currently offers a complete range of information products and
services to personal lines property and casualty insurance customers used
primarily in the underwriting process.
Trans Union, headquartered in Chicago, provides the insurance industry
with a broad range of products and services that include credit reports, risk
and response models, direct marketing lists and address update information.
SOURCE Trans Union
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CONTACT: Lisa Miller of The Financial Relations Board, 312-640-6765, for Trans Union
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