CompliSource Launches Database for Workers' Compensation
Nov. 14, 2000 -- <%=company%>, the Internet-based company that has streamlined the practice of compliance law by assembling regulatory information for the entire United States online, today added a database of workers' compensation laws from every state.
The workers' comp regulations add to a massive database that is written and continually updated by lawyers and other experts, keeping corporate attorneys within a mouse click of the latest developments in the 50,000-plus compliance statutes and regulations across the country.
"Companies and law firms across the country spend thousands of hours each year in an effort to stay on top of legal requirements. The task can be especially daunting when it comes to deciphering workers' compensation laws," said Roger Gallo, CompliSource's president and chief executive officer. "The CompliSource database cuts that time to a fraction."
With CompliSource, information that would take weeks to research in a law library or even online can be done in a matter of hours, any time of day or night, he said.
CompliSource databases offer compliance officers the most complete information and detailed analysis in the areas of property and casualty insurance; first and second mortgage and home equity; motor vehicle financing; watercraft financing; direct general goods financing; unsecured lending; student loans; debt collector licensing; and, with today's announcement, workers' compensation.
Available online and on CD-ROM, CompliSource's electronic databases, unlike other compliance products, provide summaries of trends and analysis of the laws and regulations affecting the financial and insurance industries. And the product' proprietary Search Wizard helps users quickly locate the regulations they are searching for and make state-by-state comparisons.
Turning what had been lengthy paper chases into brief research sessions at a computer terminal, CompliSource, through its ComplianceWare software, is saving companies tens of thousands of dollars. Customers using the CompliSource technology include Nissan Motor Corp., Isuzu Motors Ltd., Wells Fargo & Co., Travelers and Zurich insurance companies.
"Our compliance team uses ComplianceWare habitually to locate statutory disclosure requirements," said Nancy Kruse, vice president and compliance manager for Wells Fargo Bank's Auto Finance Group.
CompliSource is available with an annual subscription, and the database covers all 50 states, as well as Washington, D.C., and Puerto Rico.
The database was developed by lawyers and experienced regulators who recognized how the information could be delivered in a more efficient manner.
About CompliSource
CompliSource, a division of Uniform Information Services founded in 1917 in Acton, Mass., is the nation's number-one VASP (vertical application service provider) of information solutions for compliance professionals in the insurance and financial services industries. Its online guides to industry-specific regulations keep compliance officers up to date on pertinent laws and related legal interpretations concerning property and casualty insurance, first and second mortgage and home equity, motor vehicle financing, watercraft financing, direct general goods financing, unsecured lending, student loans, debt collector licensing and workers' compensation. To learn more about the company, go to www.CompliSource.com or call 978-795-2310.