ISO Database Screens For Terrorists
Friday, January 3rd, 2003 Catastrophe TechnologyInsurance Services Office Inc. said it will be offering insurers a database service to screen out claims from thousands of persons identified by the government as terrorists and international narcotic traffickers, as well as countries identified as rogue foreign states. ISO, based in Jersey City, N.J., said the system will help property-casualty insurers comply with the U.S. government sanctions program administered by the Office of Foreign Assets Control in the Treasury Department. OFAC oversees U.S. foreign policy and national security goals against targeted foreign countries, drug runners, terrorists and those involved with spreading weapons of mass destruction. ISO expects to introduce the service in the next three months, according to Richard P. Boehning, senior vice president of ISO.
