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LexisNexis and State Net Announce Alliance to Provide Early Warnings on Pending Legal Developments
Anticipating changing insurance laws could help insurance companies avoid costly penalties
DAYTON , OH , March 08, 2006 - LexisNexis U.S., a leading provider of information and services solutions, today announced it has teamed up with State Net® to add notifications of pending compliance developments to the recently launched LexisNexis® Insurance Compliance solution. Early Warnings provide insurance compliance professionals the ability to stay ahead of the ever-changing regulatory environment. With proposed regulations and pending legislation available through a single, easy-to-use Web-based application, compliance users can isolate potential problems before they occur.
“Our alliance with State Net provides direct delivery of critical developments to users of LexisNexis Insurance Compliance,” said Molly Miller, director of Insurance Product Strategy at LexisNexis. “Early Warnings enable insurers to address potential compliance gaps before there are problems, helping them to protect what matters most—their budgets, staffs, and reputations.”
Bringing together insurance expertise and comprehensive information, LexisNexis® and State Net provide advantages to the insurance industry:
• Alerts on key insurance compliance, legislative and regulatory issues
• Summaries of state and federal legislative and regulatory developments with expansive interpretive assistance from insurance bulletins, memoranda and circulars
• Geographic-specific tracking on top 10 issues for insurance compliance such as Predictive Modeling, Adjuster Licensing, Mold, Hurricanes, and more
“By utilizing our team of experts to decipher which of the more than 92,000 bills introduced and nearly 35,000 proposed regulations will affect the insurance industry, the LexisNexis Insurance Compliance user will receive a pin-pointed alert of the key insurance issues emerging in the nation. This new Early Warnings application is just one of the customer benefits of our 17-year relationship with LexisNexis,” said Laurie Stinson, executive vice president of State Net. For more information, see www.lexisnexis.com/experts.
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), the company does business in 100 countries with 13,000 employees worldwide.
About State Net
Headquartered in Sacramento, California, State Net has been delivering vital legislative and regulatory intelligence and in-depth reporting to the government relations community for over 30 years. In a continued effort to maintain market leadership, the company monitors every bill in every state, the District of Columbia and Congress, as well as every state and federal administrative regulation. In addition to Sacramento, State Net maintains offices in several states and Washington, DC.
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